View source for California Regulations 15210.2

[[California| California]] > [[California_Regulations#15210.2| Regulations]]
=== &sect; 15210.2 Deposit Adjustment Upon Revocation of Certificate to Self Insure.===

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												<td width="80%" valign="top">(a) As part of the revocation of a Certificate to Self Insure pursuant to Sections [[California_Regulations_15422| 15422]] and [[California_Regulations_15423| 15423]] of these regulations, the Manager shall determine the need for a special revocation audit of the claims of any individual private self insurer and the need for a deposit adjustment to secure future liabilities of the revoked private self insurer pursuant to Labor Code Section [[California_Labor_Codes_3701| 3701]] and/or Section [[California_Labor_Codes_3701.8| 3701.8]].

(b) The amount of deposit or deposit rate required by the Manager on a revocation of a private self insurer's certificate to self insure may be at an amount or rate above the minimum required by Labor Code Section [[California_Labor_Codes_3701| 3701]] and/or Section [[California_Labor_Codes_3701.8| 3701.8]]. The Manager in his/her discretion shall adjust the rate of deposit or the amount of deposit down to the statutory minimum required to secure the remaining workers' compensation liabilities for a revoked self insurer as necessary over time as the liabilities of the remaining claims inventory are run off by the administrator.

Note: Authority cited: Sections [[California_Labor_Codes_54| 54]], [[California_Labor_Codes_55| 55]], [[California_Labor_Codes_3701.8| 3701.8]] and [[California_Labor_Codes_3702.10| 3702.10]], Labor Code. Reference: Sections [[California_Labor_Codes_59| 59]], [[California_Labor_Codes_129| 129]], [[California_Labor_Codes_3700| 3700]], [[California_Labor_Codes_3701| 3701]], [[California_Labor_Codes_3701.5| 3701.5]], [[California_Labor_Codes_3701.8| 3701.8]], [[California_Labor_Codes_3702| 3702]], [[California_Labor_Codes_3702.3| 3702.3]], [[California_Labor_Codes_3702.6| 3702.6]], [[California_Labor_Codes_3702.8| 3702.8]], [[California_Labor_Codes_3740| 3740]]-[[California_Labor_Codes_3745| 3745]], Labor Code.

HISTORY

1. New section filed 12-22-92; operative 1-21-93 (Register 93, No. 2).

2. Amendment of section heading, section and Note filed 5-30-2003 as an emergency; operative 5-30-2003 (Register 2003, No. 22). A Certificate of Compliance must be transmitted to OAL by 9-29-2003 or emergency language will be repealed by operation of law on the following day.

3. Certificate of Compliance as to 5-30-2003 order transmitted to OAL 9-29-2003 and filed 11-12-2003 (Register 2003, No. 46).

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