Section 3702.5 Of Article 1. Insurance And Security From California Labor Code >> Division 4. >> Part 1. >> Chapter 4. >> Article 1.
3702.5
. (a) (1) The cost of administration of the public
self-insured program by the Director of Industrial Relations shall be
borne by the Workers' Compensation Administration Revolving Fund.
(2) The cost of administration of the private self-insured program
by the Director of Industrial Relations shall be borne by the
private self-insurers through payment of certificate fees which shall
be established by the director in broad ranges based on the
comparative numbers of employees insured by the private self-insurers
and the number of adjusting locations. The director may assess other
fees as necessary to cover the costs of special audits or services
rendered to private self-insured employers. The director may assess a
civil penalty for late filing as set forth in subdivision (a) of
Section 3702.9.
(b) All revenues from fees and penalties paid by private
self-insured employers shall be deposited into the Self-Insurance
Plans Fund, which is hereby created for the administration of the
private self-insurance program. Any unencumbered balance in
subdivision (a) of Item 8350-001-001 of the Budget Act of 1983 shall
be transferred to the Self-Insurance Plans Fund. The director shall
annually eliminate any unused surplus in the Self-Insurance Plans
Fund by reducing certificate fee assessments by an appropriate amount
in the subsequent year. Moneys paid into the Self-Insurance Plans
Fund for administration of the private self-insured program shall not
be used by any other department or agency or for any purpose other
than administration of the private self-insurance program. Detailed
accountability shall be maintained by the director for any security
deposit or other funds held in trust for the Self-Insurer's Security
Fund in the Self-Insurance Plans Fund.
Moneys held by the director shall be invested in the Surplus Money
Investment Fund. Interest shall be paid on all moneys transferred to
the General Fund in accordance with Section 16310 of the Government
Code. The Treasurer's and Controller's administrative costs may be
charged to the interest earnings upon approval of the director.