ARTICLE 1. Organization and Powers [11770. - 11805.]

Article 1 enacted by Stats. 1935, Ch. 145.

§§ 11770–11805 · 34 sections

§ 11770 (a) The State Compensation Insurance Fund is continued in existence, to be administered by its board of directors for the purpose of transacting workers’…
§ 11771 The State shall not be liable beyond the assets of the State Compensation Insurance Fund for any obligations in connection therewith.
§ 11771.5 Any advertising of the State Compensation Insurance Fund shall include the following disclaimer: “The State Compensation Insurance Fund is not a branch of the…
§ 11772 There shall not be any liability in a private capacity on the part of the board of directors or any member thereof, or any officer or employee of the fund for…
§ 11773 The fund shall be organized as a public enterprise fund.
§ 11774 The assets of the fund shall be applicable to the payment of losses sustained on account of insurance and to the payment of the salaries and other expenses…
§ 11775 The fund shall, after a reasonable time during which it may establish a business, be fairly competitive with other insurers, and it is the intent of the…
§ 11776 The actual loss experience and expense of the fund shall be ascertained on or about the first of January in each year for the year preceding. If it is then…
§ 11777 Such cash dividend or credit is to be in an amount which the board of directors in its discretion considers to be the employer’s proportion of divisible…
§ 11778 The fund may transact workers’ compensation insurance required or authorized by law of this state to the same extent as any other insurer. The fund shall be…
§ 11779 The fund may insure California employers against their liability for compensation or damages for injury or death under the United States Longshoremen’s and…
§ 11780 The fund may also insure an employer against his or her liability for damages under the laws of the State of California arising out of bodily injury to or…
§ 11780.5 (a) The fund may also insure a California employer against his or her liability for workers’ compensation benefits, under the law of any other state, for…
§ 11781 The board of directors is hereby vested with full power, authority and jurisdiction over the State Compensation Insurance Fund. The board of directors may…
§ 11781.5 The State Compensation Insurance Fund may acquire and own real property for a branch office in the City of Los Angeles when so determined by the board of…
§ 11782 All business and affairs of the fund shall be conducted in the name of the State Compensation Insurance Fund, and in that name, without any other name or…
§ 11783 The State Compensation Insurance Fund may: (a) Sue and be sued in all actions arising out of any act or omission in connection with its business or affairs.…
§ 11784 In conducting the business and affairs of the fund, the president of the fund may do any of the following: (a) Enter into contracts of workers’ compensation…
§ 11785 (a) The board of directors shall appoint a president, a chief financial officer, a chief operating officer, a chief information technology officer, a chief…
§ 11785.5 (a) Notwithstanding any other provision of law to the contrary, the members of the Board of Directors of the State Compensation Insurance Fund and officers of…
§ 11786 Before entering on the duties of his or her office, the president shall qualify by giving an official bond approved by the board of directors in the sum of…
§ 11787 The board of directors may delegate to the president of the fund, under those rules and regulations and subject to those conditions as it from time to time…
§ 11788 The State Treasurer shall be custodian of all securities belonging to the State Compensation Insurance Fund, except as otherwise provided in this chapter. He…
§ 11790 All securities belonging to the fund shall be delivered to the State Treasurer and held by him or her until otherwise disposed of as provided in this chapter.…
§ 11793 Expenditures made by the State Compensation Insurance Fund are exempted from the provisions of Part 3 (commencing with Section 900) of Division 3.6 of Title 1…
§ 11797 (a) The board of directors shall cause all moneys in the State Compensation Insurance Fund that are in excess of current requirements to be invested and…
§ 11800 All moneys in the State Compensation Insurance Fund, in excess of current requirements and not otherwise invested, may be deposited by the board of directors…
§ 11800.1 The board of directors may, with the approval of the State Treasurer, authorize the establishment of an account or fund in the State Treasury in the name of…
§ 11800.2 The State Controller shall keep a special ledger account pertaining to the State Compensation Insurance Fund. In the State Controller’s general ledger this…
§ 11801 The assets, premiums, reserves, investment income, and any and all property of whatsoever kind derived or acquired by the fund from its transaction of its…
§ 11802 All premiums, reserves, investment income, and all property of whatsoever kind derived or acquired by the fund from its transaction of insurance pursuant to…
§ 11803 All claims, costs of doing business, liabilities, expenses, and obligations arising out of or related to the fund’s transaction of insurance pursuant to the…
§ 11804 Joint or shared use of office building space, whether owned, leased or rented, and the joint use of all furniture, automobiles, office equipment, supplies and…
§ 11805 The State Compensation Insurance Fund shall report annually to the Legislature as soon after the close of the calendar year as is feasible, with respect to its…