California Labor Code ARTICLE 2.5 - Self-Insurers’ Security Fund

• Section 3740.
  It is the intent of the Legislature in enacting this article and Article 1 (commencing with Section 3700) to provide for the continuation of workers’...
• Section 3741.
  As used in this article:(a) “Director” means the Director of Industrial Relations.(b) “Private self-insurer” means a private employer which has secured the payment of compensation pursuant to...
• Section 3742.
  (a) The Self-Insurers’ Security Fund shall be established as a Nonprofit Mutual Benefit Corporation pursuant to Part 3 (commencing with Section 7110) of Division 2 of...
• Section 3743.
  (a) Upon order of the director pursuant to Section 3701.5, the fund shall assume the workers’ compensation obligations of an insolvent self-insurer.(b) Notwithstanding subdivision (a), the fund...
• Section 3744.
  (a) (1) The fund shall have the right and obligation to obtain reimbursement from an insolvent self-insurer up to the amount of the self-insurer’s workers’ compensation obligations...
• Section 3745.
  (a) The fund shall maintain cash, readily marketable securities, or other assets, or a line of credit, approved by the director, sufficient to immediately continue the...
• Section 3746.
  The fund shall annually contract for an independent certified audit of the financial activities of the fund. An annual report on the financial status of...
• Section 3747.
  This article shall be known and may be referred to as the “Young-La Follette Self-Insurers’ Security Act.”(Added by Stats. 1984, Ch. 252, Sec. 5. Effective June...

Last modified: October 22, 2018