Section 11691.3 Of Article 1. Deposits By Workers’ Compensation Insurers From California Insurance Code >> Division 2. >> Part 3. >> Chapter 3. >> Article 1.
11691.3
. The commissioner shall establish a list of all insurers or
reinsurers authorized to reinsure the injury, disablement, or death
portions of policies of workers' compensation insurance under the
class of disability insurance. An insurer or reinsurer shall be
authorized to reinsure the injury, disablement, or death portions of
policies of workers' compensation insurance under the class of
disability insurance if it has complied with Section 11691. The
commissioner shall publish a master list of those insurers or
reinsurers at least semiannually. Any insurer or reinsurer providing
the notification and deposit required by Section 11691, shall be
added by addendum to the list at the time of approval, and shall be
incorporated into the master list at the next date of publication.
The list and addenda required by this section shall be published so
that they are readily accessible to insurers and producers. The list
and addenda required by this section shall also contain a notice that
if an insurer enters into a contract of reinsurance with an insurer
or reinsurer reinsuring the injury, disablement, or death portions of
policies of workers' compensation insurance under the class of
disability insurance that is not authorized pursuant to this section,
the ceding insurer may not be able to claim that reinsurance for
reserve credit.