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California: Self-insured insurance regs change
The Office of Self-Insurance Plans amended regulations governing self-insured employers and their workers' compensation coverage.
The amendments change the forms used to report wages to include those used by public entities. The rules also change the medical cost containment. Group administrators are required to provide an actuarial report within 100 days of the program year and to file changes in the rates of contributors within 30 days of a change. The group self-insurer must file an unaudited financial statement in addition to an audited financial statement. The rule went into effect on Oct. 19. Read more at the WorkersComp Forum homepage.
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