Section 11840 Of Article 3. Policies From California Insurance Code >> Division 2. >> Part 3. >> Chapter 4. >> Article 3.
11840
. The insurance contracts or policies of the State
Compensation Insurance Fund may be either limited or unlimited. The
insurance contracts or policies may be issued for like periods as are
allowed by law to other workers' compensation insurers or, in the
form of stamps or tickets or otherwise, for one month, for any number
of months less than one year, for one day, for any number of days
less than one month or during the performance of any particular work,
job or contract. The rates charged shall be proportionately greater
for a shorter than for a longer period and a minimum premium charge
shall be fixed in accordance with a reasonable rate for insuring one
person for one day.