Section 3745 Of Article 2.5. Self-insurers’ Security Fund From California Labor Code >> Division 4. >> Part 1. >> Chapter 4. >> Article 2.5.
3745
. (a) The fund shall maintain cash, readily marketable
securities, or other assets, or a line of credit, approved by the
director, sufficient to immediately continue the payment of the
compensation obligations of an insolvent self-insurer pending
assessment of the members. The director may establish the minimum
amount to be maintained by, or immediately available to, the fund for
this purpose.
(b) The fund may assess each of its members a pro rata share of
the funding necessary to carry out the purposes of this article.
(c) The trustees shall certify to the director the collection and
receipt of all moneys from assessments, noting any delinquencies. The
trustees shall take any action deemed appropriate to collect any
delinquent assessments.