California Regulations 15422

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§ 15422 Voluntary Revocation

Any self-insurer or administrative agency may voluntarily request that its Certificate to Self Insure or Certificate to Administer be revoked at any time by informing the Manager in writing. The Director shall revoke the Certificate to Self Insure or Certificate to Administer after the self-insurer or administrative agency has:

(a) Shown to the satisfaction of the Director that the self-insurer or administrative agency has established a program to discharge all liabilities and all responsibilities incurred by the self-insurer or administrator during the period the Certificate to Self Insure or Certificate to Administer was in force; and

(b) Surrendered the Certificate to Self Insure or Certificate to Administer.

NOTE: Authority Cited: Sections 54, 55 and 3702.10, Labor Code. Reference: Sections 54, 55, 59, 129, 3700, 3701, 3701.5, 3702, 3702.3, 3702.5, 3702.6, 3703, 3705, 3740 - 3745, Labor Code.

HISTORY

1. Amendment of section and new Note filed 11-24-93; operative 12-24-93 (Register 93, No. 48).