Section 15203.11 - Continuing Financial Capacity for Public Self-Insurers(a) Each individual public self-insurer holding an active or revoked Certificate of Consent to Self-Insure shall submit annually a report on demographic data and a summary of the financial condition of its workers' compensation program on Form P-1 (1-2020) or in a similar format that includes the same data elements as Form P-1. (1) This requirement applies only to individual public self-insurers that operate all or part of their program on a standalone basis pursuant to an active or revoked master Certificate of Consent to Self-Insure.(2) A public self-insurer that operates part of its program on a standalone basis and provides coverage for other claims through membership in a joint powers authority, as described in subsection (b), shall limit the information specified in Part C, section 2, and Part D of Form P-1 to the part of its program operated on a standalone basis.(b) Any joint powers authority that is solely responsible for the self-insurance claims of its public members and holds an active or revoked Certificate of Consent to Self-Insure shall submit annually a consolidated report on demographic data, types of coverage provided to its members, and a summary of the financial condition of its workers' compensation program on Form J-1 (1-2020) or in a similar format that includes the same data elements as Form J-1. The joint powers authority shall file with its Form J-1 report a current, certified, independently audited financial statement complete with all notes and schedules, if available. (1) The demographic information specified in Part B of Form J-1 shall be limited to the active affiliate members of the joint powers authority.(2) Each active affiliate member shall cooperate with the joint powers authority by ascertaining the Part B demographic information for its own agency and providing that information to the authority. Except as specified in subsection (a), an affiliate member shall not be required to prepare or submit a separate Form P-1 report.(c) The reports required by this section shall be submitted via an online platform at http://www.dir.ca.gov/osip on or before October 1 of each year and shall cover liabilities for the preceding July 1 - June 30 fiscal year.(d) The financial information reported pursuant to this section shall be based on the master certificate holder's most recent certified, independently audited financial statement, if available. If no such statement is available or the most recent statement is over three years old, reported information shall be based on the master certificate holder's most recent financial statement by an independent Certified Public Accountant (CPA). If neither is available, the master certificate holder shall identify the source of information for its report, including the name of the document, source, date, and the name and contact information for the preparer or custodian.(e) An Appendix of terms used in Public Self-Insurer Report Forms P-1, J-1, and AR-2 follows this section.Cal. Code Regs. Tit. 8, § 15203.11
1. New section and Appendix filed 5-14-2020; operative 7-1-2020 (Register 2020, No. 20). Note: Authority cited: Sections 54, 55 and 3702.10, Labor Code. Reference: Section 3702.2, Labor Code.
1. New section and Appendix filed 5-14-2020; operative 7/1/2020 (Register 2020, No. 20).