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 3 - Security Deposit Requirements
Section 15211.1 - Appeals to Increase in Security Deposit Due to Impaired Financial Condition of Self-Insurer
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) Where the Chief has required an increase in security deposit due to the impaired financial status of an individual private self-insurer and the self-insurer wishes to appeal the Chief's decision, upon receipt of the written appeal, the Chief shall order a detailed, third-party financial evaluation of the self-insurer in order to determine the employer's financial strength. The cost of the third party financial evaluation report shall be paid by the self-insurer.
(b) Upon receipt of the evaluation report, the appeal will be considered by the Chief, and if not resolved between the Chief and the self-insurer, addressed pursuant to Article 11 of these regulations and Labor Code Section 3701.5(g).
1. New
section filed 6-1-72; effective thirtieth day thereafter (Register 72, No.
23).
2. Repealer and new section filed 11-19-75; effective thirtieth
day thereafter (Register 75, No. 47).
3. Repealer and new section
filed 12-22-92; operative 1-21-93 (Register 93, No. 2).
4. Amendment
of section and NOTE filed 3-2-2009; operative 3-2-2009 pursuant to Government
Code section 11343.4 (Register 2009, No. 10).
5. 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 3701 and 3701.5(g), Labor Code.
