(a) The Certificate of Consent to Self-Insure for a public or individual private employer 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.
(b) An individual private employer applicant that fails to initiate a self-insurance program within six 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 of Consent to Self-Insure.
Note: Authority cited: Sections 54, 55 and 3702.10, Labor Code. Reference: Sections 59, 3700 and 3702.10, Labor Code.
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).
2. Amendment 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 subsection (b) filed 12-14-2016; operative 1-1-2017 pursuant to Government Code section 11343.4(b)(3) (Register 2016, No. 51).