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(a) The certificate to self insure for public and private employers shall be initially valid for six months after the date of approval by the Director. If the self insurer has not initiated its self insurance program within the initial six month period, the approval of the certificate to self insure shall be void and a new application shall be filed for approval. Once the self insurance program has been initiated in the initial 6 month period, the certificate to self insure shall be valid until revoked by order of the Director.
NOTE: A private employer applicant which fails to initiate a self insurance program within three months of notification of approval by the Director may be required to establish current good standing with the Secretary of State and to provide current financial information before issuance of a certificate to self insure.
NOTE: Authority cited: Sections 54, 55 and 3702.10, Labor Code. Reference: Sections 59, 3700 and 3702.10, Labor Code.
HISTORY
1. Renumbering and amendment of former section 15203.5 to section 15203.6 filed 12-22-92; operative 1-21-93 (Register 93, No. 2).
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