§ 11696. — 11696. (Added by Stats. 2002, Ch. 899, Sec. 2.)

California § 11696.

• Jurisdiction: California
• Code INS: Insurance Code - INS
• Div. 2.: DIVISION 2. CLASSES OF INSURANCE
• Part 3.: PART 3. LIABILITY, WORKERS' COMPENSATION, AND COMMON CARRIER LIABILITY INSURANCE
• Ch. 3.: CHAPTER 3. Regulation of Business of Workers’ Compensation Insurance
• Art. 1.: ARTICLE 1. Deposits by Workers’ Compensation Insurers

Text

In the event an insurer not in a delinquency proceeding fails to pay any compensable workers’ compensation claim against it, or fails to pay, to the extent of its liability as a reinsurer, any compensable workers’ compensation claim covered by a policy wholly or partly reinsured by it, the commissioner shall use the proceeds of the deposit required pursuant to Section 11691 to pay all those compensable workers’ compensation claims and related expenses as described in Section 11698.02.

Legislative History

Added by Stats. 2002, Ch. 899, Sec. 2. Effective January 1, 2003.