California Regulations 15486

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§ 15486 Agreement and Undertaking for Director to Utilize Security Deposit to Pay Benefits Due

(a) Each group self insurer applicant shall execute an Agreement and Undertaking For Security Deposit (Form A4-GAU (Rev. 1-94))as part of the application process.

(b) All security deposits shall be posted in accordance with the provisions of the Agreement and Undertaking, and shall permit the Director of Industrial Relations to order the security deposit to be utilized to pay benefits due pursuant to Labor Code Section 3701.5.

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