2017 Member Informational Meeting

April 5th, 2017

To download the slides from our member information meeting held on April 3rd at 9:30am at the Disneyland Hotel, please click below:

annual-meeting16-cover

Actuaries Submitting Actuarial Summaries and Studies for Private Self-Insured Employers

January 9th, 2017

Download the Informational Bulletin

The 2016 Security Fund Annual Member Informational Meeting

February 17th, 2016

To download the slides from our March 14th meeting, please click below:

annual-meeting16-cover

Webinar Overview: 2015 Member Informational Meeting

July 20th, 2015

To view a PowerPoint from our March 9th Webinar presentation, please click below:

2015-member-screenshot

Webinar Overview: Alternative Security Program PowerPoint 2014

November 18th, 2014

To view a PDF of the PowerPoint from our April 21st Webinar presentation, please click below:

Alternative Security Program Overview

California Self-Insurers’ Fund Files Suit to Recover Liabilities

December 13th, 2013

Lawsuit Seeks to Recover $39.8 Million from Healthcare Industry Self Insurance Program in Default

To download a PDF click here.

WALNUT CREEK, Calif. (December 12, 2013) – The Self-Insurers’ Security Fund (“Security Fund”) announced today it has filed a lawsuit in Orange County Superior Court seeking to recover liabilities the Security Fund was required to assume when the Healthcare Industry Self Insurance Program of California (“HISIP”) was placed in default earlier this year.

The suit seeks to recover an estimated $39.8 million from 308 former members of HISIP, who are required to reimburse the Security Fund by statute.  The suit was filed jointly with Liberty Mutual Insurance Company (“Liberty Mutual”), which seeks to recover the amount of the surety bond it issued to HISIP.

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New Actuarial Requirement in California (SB863)

February 22nd, 2013

THE NEW ACTUARIAL REQUIREMENT IN CALIFORNIA (SB863): WHAT IT MEANS TO THE SELF-INSURED COMMUNITY

As many of you are aware, certain statutory requirements of being self-insured in California changed effective January 1, 2013, as a result of Senate Bill 863. The most significant change pertains to the requirement that all self-insurers provide to the Office of Self Insurance Plans an actuarial study and summary report by May 1st of each calendar year (April 15 for self-insurance groups), which will be used to calculate the required security deposit amount.

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New 2013 OSIP Emergency Regs

January 14th, 2013

To view the new 2013 OSIP Emergency Regulations, click on the link below:
OSIP Emergency Regs Text – Final Revisions (v2) – 12-31-2012

California’s Alternative Security Program puts $6.17 billion in capital back into businesses

July 2nd, 2012

FOR IMMEDIATE RELEASE
IR #2012-29
OSIP Newsline 6-12
Newsline No. 06-12

Sacramento—Christine Baker, director of the Department of Industrial Relations (DIR), today approved the implementation of the 2012/13 Alternative Security Program (ASP), freeing $6.17 billion in capital, giving self-insured California businesses greater financial flexibility.

The ASP is a first-in-the-nation, innovative program operated by the non-profit California Self Insurers’ Security Fund with the California Department of Industrial Relations. The program provides guarantees to replace security deposits required to collateralize self-insured workers’ compensation liabilities.

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2011-2012 Annual Review & Outlook

May 24th, 2012

2011-2012 Annual Review & Outlook Click here to download a PDF of our 2011-2012 Annual Review & Outlook.