The Fund

Established on July 6, 1984 by the California State Legislature, the Self-Insurers’ Security Fund is a non-profit organization responsible for managing the shared liabilities of workers’ compensation claims arising from companies become insolvent.

Governance

The California Labor Code requires that all self-insured private-sector employers be members of the Security Fund, subject to assessments by the Security Fund to discharge its legal responsibilities. Member assessments are necessary to sustain Fund operations, including on-going workers’ compensation expenses, and to ensure that adequate assets are available to cover known and potential workers’ compensation obligations arising from the default of private self-insured entities.  Members that default on their claims liabilities relinquish their membership.

A copy of the Fund’s Bylaws is available here.