California § 11776. 11776. (Enacted by Stats. 1935, Ch. 145.)

California Statutes

§ 11776. — 11776. (Enacted by Stats. 1935, Ch. 145.)

California § 11776.

JurisdictionCalifornia

Code INSInsurance Code - INS

Div. 2.DIVISION 2. CLASSES OF INSURANCE

Part 3.PART 3. LIABILITY, WORKERS' COMPENSATION, AND COMMON CARRIER LIABILITY INSURANCE

Ch. 4.CHAPTER 4. The State Compensation Insurance Fund

Art. 1.ARTICLE 1. Organization and Powers

This text of California § 11776. (11776. (Enacted by Stats. 1935, Ch. 145.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Insurance Code - INS Code § 11776. (2026).

Text

The actual loss experience and expense of the fund shall be ascertained on or about the first of January in each year for the year preceding. If it is then shown that there exists an excess of assets over liabilities, necessary reserves, and a reasonable surplus for the catastrophe hazard, then a cash dividend may be declared to, or a credit allowed on the renewal premium of, each employer who has been insured with the fund.

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The actual loss experience and expense of the fund shall be ascertained on or about the first of January in each year for the year preceding. If it is then shown that there exists an excess of assets over liabilities, necessary reserves, and a reasonable surplus for the catastrophe hazard, then a cash dividend may be declared to, or a credit allowed on the renewal premium of, each employer who has been insured with the fund.

Legislative History

Enacted by Stats. 1935, Ch. 145.

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California § 11776., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/INS/11776..