The Security Fund was created as an independent not-for-profit organization in 1983 by the California State Legislature. The Security Fund was designed to ensure that employees of private self-insurers that default on their workers compensation obligations will continue to receive statutory benefits. The State of California provides no financial support to the Fund as the Fund’s operations and obligations are statutorily required to be covered by its member entities through assessments.
California law requires ongoing regulatory coordination and oversight of both the Security Fund and its self-insured member entities. Member entities elect eight (8) representatives, from among the member entities, to serve four year terms on the Fund’s Board of Trustees. The Director of the Department of Industrial Relations or the Director’s Designee serves as an Ex Officio member of the Board.
The Director of the Department of Industrial Relations (DIR) and its Office of Self Insurance Plans (OSIP) provides regulatory enforcement and administrative control over all workers compensation self-insured entities operating in California.
For questions regarding the Office of Self Insurance Plans or regulatory matters, please directly contact Jon Wroten, Chief of OSIP at 916-464-7000.