Statutes, codes, and regulations
California Code Of Regulations
Title 10 - InvestmentChapter 5 - Insurance CommissionerSubchapter 3 - Insurers
Article 9.5 - Workers' Compensation Insurance Deposits
Section 2509.3 - Purpose

Cal. Code Regs. tit. 10 § 2509.3

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Current through Register 2025 Notice Reg. No. 2, January 10, 2025
Section 2509.3 - Purpose

Insurance Code Section 11691 permits any workers' compensation insurer to file a clean and irrevocable letter of credit with the Commissioner, or his approved depository, or to make an acceptable deposit of securities with a bank, savings and loan association or trust company, or to make a deposit with the State Treasurer. Deposits made with the State Treasurer, pursuant to Insurance Code Section 11691, are not governed by these regulations.

Cal. Code Regs. Tit. 10, § 2509.3

1. Change without regulatory effect amending section and NOTE filed 4-28-2014 pursuant to section 100, title 1, California Code of Regulations (Register 2014, No. 18).

Note: Authority cited: Section 11691, Insurance Code. Reference: Section 11691, Insurance Code.

1. Change without regulatory effect amending section and Note filed 4-28-2014 pursuant to section 100, title 1, California Code of Regulations (Register 2014, No. 18).