Section 5106 Of Chapter 3. Lump Sum Payments From California Labor Code >> Division 4. >> Part 3. >> Chapter 3.
5106
. The appeals board shall, upon the request of the Director of
Industrial Relations, where the employer is uninsured and the
installments of compensation awarded are to be paid in the future,
determine the present worth of the future payments, discounted at the
rate of 3 percent per annum, and order the present worth paid into
the Uninsured Employers Fund, which fund shall thereafter pay to the
beneficiaries of the award the future payments as they become due.