California Statutes
§ 5106. — 5106. (Amended by Stats. 1987, Ch. 202, Sec. 3.)
California·Code LAB Labor Code - LAB·Div. 4. DIVISION 4. WORKERS' COMPENSATION AND INSURANCE·Part 3. PART 3. COMPENSATION CLAIMS·Ch. 3. CHAPTER 3. Lump Sum Payments
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.
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California § 5106. (5106. (Amended by Stats. 1987, Ch. 202, Sec. 3.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1987, Ch. 202, Sec. 3.