ARTICLE 2.5. Self-Insurers’ Security Fund [3740. - 3747.]

Article 2.5 added by Stats. 1984, Ch. 252, Sec. 5.

§§ 3740–3747 · 8 sections

• § 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’…
• § 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…
• § 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…
• § 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)…
• § 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’…
• § 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…
• § 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 the…
• § 3747 This article shall be known and may be referred to as the “Young-La Follette Self-Insurers’ Security Act.”