California · Labor Code

LAB §3703: So long as the certificate has not been revoked, and the self-insurer maintains on deposit the requisite bond or securities, the self-insurer shall not be required or obliged to pay into the State Com

What this law says, in plain English

A self-insurer with an active certificate and required bond or securities deposit is not obligated to make payments to the State Compensation fund.

Read the full statutory text

So long as the certificate has not been revoked, and the self-insurer maintains on deposit the requisite bond or securities, the self-insurer shall not be required or obliged to pay into the State Compensation Insurance Fund any sums covering liability for compensation excepting life pensions; and the self-insurer may fully administer any compensation benefits assessed against the self-insurer.

Verify at the official source: California legislative text

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