ARTICLE 1. Deposits by Workers’ Compensation Insurers [11690. - 11703.]
Article 1 repealed and added by Stats. 2002, Ch. 899, Sec. 2.
§§ 11690–11703 · 26 sections
- § 11690 For purposes of this article: (a) “Compensable workers’ compensation claim” means a claim where the claimant is entitled to benefits under the workers’…
- § 11691 (a) (1) In order to provide protection to the workers of this state in the event that the insurers issuing workers’ compensation insurance to employers fail to…
- § 11691.1 The fees for filing a schedule of securities with the Treasurer, and making a deposit of the same, and for each withdrawal, substitution, or any other change…
- § 11691.2 The deposit required pursuant to Section 11691 shall be security for the payment of the insurer’s obligations on worker’s compensation insurance transacted in…
- § 11691.3 The commissioner shall establish a list of all insurers or reinsurers authorized to reinsure the injury, disablement, or death portions of policies of workers’…
- § 11692 A certificate of authority to transact workers’ compensation insurance in this state shall not be issued nor renewed to any insurer until the deposit required…
- § 11692.5 On and after the effective date of this article, the commissioner shall collect a late filing fee from any admitted insurer or reinsurer that fails to deposit…
- § 11693 The deposit required pursuant to Section 11691 shall be adjusted on or prior to March 31 of each year in an amount as follows: (a) Not less than the sum of the…
- § 11694 After the first annual statement to the commissioner covering business of the insurer for a full year in this state, the deposit required pursuant to Section…
- § 11694.5 On or before March 1 and May 15 of each year, the insurers or reinsurers subject to Section 11694 shall file a report in the form and manner prescribed by the…
- § 11695 Where an admitted insurer has voluntarily ceased to do in this state the business for which a deposit is required pursuant to Section 11691, the deposit shall…
- § 11696 In the event an insurer not in a delinquency proceeding fails to pay any compensable workers’ compensation claim against it, or fails to pay, to the extent of…
- § 11697 The payment of a workers’ compensation claim by the commissioner shall constitute a satisfaction of the claim to the extent of the payment made. In the event…
- § 11698 (a) In the event any one of the eventualities described in paragraph (1), (2), (3), or (4), transpires, the commissioner shall immediately take control or…
- § 11698.01 When the commissioner is authorized to proceed under Section 11698 he or she may do either of the following: (a) Subject to Sections 11698.2, 11698.21, and…
- § 11698.02 The proceeds of the deposit required pursuant to Section 11691 shall be used solely to pay compensable workers’ compensation claims under the insured or…
- § 11698.1 From time to time and in any event at or prior to the time of the filing of his or her petition for discharge as receiver, the commissioner shall do the…
- § 11698.2 If the commissioner enters into a reinsurance and assumption agreement as provided in subdivision (a) of Section 11698.01, that agreement shall provide for all…
- § 11698.21 (a) The reimbursement provision referred to in subdivision (c) of Section 11698.2 shall provide for the transfer of the securities in the deposit to the…
- § 11698.22 The commissioner shall not enter into an agreement with an insurer if its reinsurance and assumption of liability will impair its solvency or render its…
- § 11698.3 (a) If the insurer is a member insurer of the California Insurance Guarantee Association (the association) and has been the subject of an order of liquidation…
- § 11699 Unless the deposit required pursuant to Section 11691 is withdrawn by the commissioner pursuant to the authority granted him or her by this article, it, or any…
- § 11700 The deposit required pursuant to Section 11691, unless withdrawn by the commissioner, shall be used only for the payment of compensable workers’ compensation…
- § 11701 The commissioner may revoke the certificate of authority to transact workers’ compensation insurance or to reinsure the injury, disablement, or death portions…
- § 11702 The provisions of this article shall not apply to workers’ compensation insurance covering those persons defined as employees by subdivision (d) of Section…
- § 11703 An insurer desiring to write workers’ compensation insurance shall maintain or provide occupational safety and health loss control consultation services…