California Code of Regulations
Title 8 - Industrial Relations
Division 1 - Department of Industrial Relations
Chapter 8 - Office of the Director
Subchapter 2 - Administration of Self-Insurance Plans
Article 13 - Group Self-Insurance
Section 15472 - Minimum Financial Requirements for a Group Self-Insurer
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) In addition to other requirements specified in this Article 13, no private group shall continue as a group self-insurer, unless it meets the funding and solvency requirements specified in section 15484(e) as demonstrated in independently audited financial statements meeting the requirements specified in section 15484(a) and
(b) of this chapter. (Exception: A group self-insurer may continue if it is operating under a corrective action plan approved by the Chief.)
1. New
section filed 6-30-94; operative 6-30-94 (Register 94, No. 26).
2.
Amendment of section heading and section filed 3-2-2009; operative 3-2-2009
pursuant to Government Code section 11343.4 (Register 2009, No.
10).
3. Amendment of section heading and section filed 12-14-2016;
operative 1-1-2017 pursuant to Government Code section 11343.4(b)(3) (Register
2016, No. 51).
Note: Authority cited: Sections 54, 55 and 3702.10, Labor Code. Reference: Sections 3700, 3701, 3701.5, 3702, 3702.2 and 3702.10, Labor Code.
