Chapter 8. Office of the Director
Subchapter 2. Administration of Self-Insurance Plans
Article 2. Certificate to Self Insure

§15203.8. Change in Status.

(a) A public or individual private self insured employer shall notify the Manager in writing within 30 days of any of the following actions:

(1) Any amendment to the self insurer's articles, charter, or agreement of incorporation, association, or co-partnership which changes its identity or business structure or ownership in a material manner from the status as it existed at the time of issuance of its Certificate of Consent to Self Insure; or

(2) If the self insurer proposes to cease doing business entirely, proposes to cease doing business in California, or proposes to dispose of, by sale or otherwise, the controlling interest of the business for which the Certificate of Consent to Self Insure was issued.

(b) If any self insurer desires to retain its self insured status following any amendment to the articles, charter, or agreement of incorporation, association, or copartnership which changes its identity or business structure or ownership, the self insurer shall provide to the Manager the following information:

(1) A written description of the change and of the date the event(s) occurred;

(2) Copies of Certificates of Status or other appropriate registration documents filed with the Secretary of State in which the self insurer is incorporated concerning the change of the self insurer's status; and

(3) Written notice indicating that the certificate holder will continue to provide an annual financial statement or that a financial statement will be issued by a parent corporation.

(c) If a self insured corporation reincorporates, merges, or changes its identity, a new resolution shall be submitted to the Manager in accordance with Section 15203.3 of these regulations.

   Note: Authority cited: Sections 54, 55 and 3702.10, Labor Code. Reference: Sections 59, 3700, 3701, 3701.5, 3702, 3702.3, 3702.10 and 3703, Labor Code.

 HISTORY 

   

1. New section filed 11-21-78; effective thirtieth day thereafter (Register 78, No. 47).

2. Renumbering and amendment of former section 15203.7 to section 15203.8 filed 12-22-92; operative 1-21-93 (Register 93, No. 2).

3. Amendment of subsection (a) filed 6-30-94; operative 6-30-94 (Register 94,  No. 26).

4. Amendment filed 3-2-2009; operative 3-2-2009 pursuant to  Government Code section 11343.4 (Register 2009, No. 10).