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Workers' Comp Group Self-Insurance Administration
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| non-profit mutual benefit corporations
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A group of employers within an industry (common SIC
codes) can form a California non-profit mutual benefit corporation.
Group members own the program and are responsible for fund losses and
expenses. A board of directors is selected from the group by the group
members, and they are responsible for managing the assets and approving
new group members. A third party administrator (TPA) is hired to handle
claims reporting and administration of claims.
With non-profit mutual benefit corporations, any surplus funds, including investment income, is owned by the members in the
non-profit mutual benefit corporation. In addition, a bond, required by the California
Department of Industrial Relations, is purchased and maintained to a level
specified by state regulations.
What are the protections and risks related to
Workers' Comp Group Self-Insurance?
 click here to learn more . . .
Contact:
Ralph Matthews
916.563.1900
Vice President, Workers' Compensation
10445 Old Placerville Road
Sacramento, CA 95827
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