Insurance Code - INS
DIVISION 2. CLASSES OF INSURANCE [1880 - 12880.6]
( Division 2 enacted by Stats. 1935, Ch. 145. ) PART 3. LIABILITY, WORKERS' COMPENSATION, AND COMMON CARRIER LIABILITY INSURANCE [11550 - 11895]
( Heading of Part 3 amended by Stats. 1979, Ch. 373. ) CHAPTER 3. Regulation of Business of Workers’ Compensation Insurance [11690 - 11761]
( Heading of Chapter 3 amended by Stats. 1979, Ch. 373. ) ARTICLE 1. Deposits by Workers’ Compensation Insurers [11690 - 11703]
( Article 1 repealed and added by Stats. 2002, Ch. 899, Sec. 2. ) 11696.
In the event an insurer not in a delinquency proceeding fails to pay any compensable workers’ compensation claim against it, or fails to pay, to the extent of its liability as a reinsurer, any compensable workers’ compensation claim covered by a policy wholly or partly reinsured by it, the commissioner shall use the proceeds of the deposit required pursuant to Section 11691 to pay all those compensable workers’ compensation claims and related expenses as described in Section 11698.02.
(Added by Stats. 2002, Ch. 899, Sec. 2. Effective January 1, 2003.)