Chapter 8. Office of the Director
Subchapter 2. Administration of Self-Insurance Plans
Article 3. Security Deposit Requirements

§15211.1. Appeals to Increase in Security Deposit Due to Impaired Financial Condition of Self Insurer.

(a) Where the Manager has required an increase in security deposit due to the impaired financial status of the self insurer and the self insurer wishes to appeal the Manager's decision, upon receipt of the written appeal, the Manager shall order a detailed, third-party financial evaluation of the private self insurer in order to determine the employer's financial strength. Such a third party financial evaluation shall include, but not be limited to, a Dun & Bradstreet Risk Assessment Report. The cost of the third party financial evaluation report shall be paid by the self insurer. Upon receipt of the evaluation report, the appeal will be considered by the Manager.

NOTE: Authority cited: Sections 54, 55 and 3702.10, Labor Code. Reference: Section 3701, Labor Code.

HISTORY

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).