§ 15211.1. Appeals to Increase in Security Deposit Due to Impaired Financial Condition of Self Insurer.

(a) Where the Manager has required an increase in security deposit due to the impaired financial status of an individual private self insurer and the self insurer wishes to appeal the Manager's decision, upon receipt of the written appeal, the Manager shall order a detailed, third-party financial evaluation of the self insurer in order to determine the employer's financial strength. Such a third party financial evaluation shall include, but not be limited to, a Dun & Bradstreet Risk Assessment Report. The cost of the third party financial evaluation report shall be paid by the 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 self insurer, addressed pursuant to Article 11 of these regulations and Labor Code Section 3701.5(g).

HISTORY

1. New section filed 6-1-72; effective thirtieth day thereafter (Register 72, No. 23).

2. Repealer and new section filed 11-19-75; effective thirtieth day thereafter (Register 75, No. 47).

3. Repealer and new section filed 12-22-92; operative 1-21-93 (Register 93, No. 2).

4. Amendment of section and Note 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.