§ 15499.5. Appeals of Increases in Security Deposits Based on Impaired Group Self Insurer Financial Condition.

(a) In the event the Manager has required an increase in security deposit based upon the impaired financial status of the group self insurer, and if the group self insurer seeks to appeal the Manager's decision, upon receipt of the written appeal the Manager shall order a detailed, independent third party financial and/or actuarial evaluation of the group self insurer by a group self insurance risk and/or actuarial consultant in order to evaluate the group self insurer's financial status. The cost of the third party financial evaluation report shall be paid by the group self insurer.

(b) Upon receipt of the evaluation report, the appeal will be considered by the Manager, and if not resolved between the Manager and the group self insurer, addressed pursuant to Labor Code Section 3701.5(g) and Article 11 of these regulations.

HISTORY

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

Note

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