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DEPARTMENT OF INDUSTRIAL RELATIONS

DEPARTMENT OF INDUSTRIAL RELATIONS. JON WROTEN, Chief (916) 574-0300 jwroten@dir.ca.gov. SELF INSURANCE BY THE NUMBERS. $175.46 Billion - Total Payroll 4,002,919 Covered Employees 1 out of every 4 workers in California is covered by Self Insurance. SELF INSURED GROUPS (SIG).

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DEPARTMENT OF INDUSTRIAL RELATIONS

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  1. DEPARTMENT OF INDUSTRIAL RELATIONS JON WROTEN, Chief (916) 574-0300 jwroten@dir.ca.gov

  2. SELF INSURANCE BY THE NUMBERS $175.46 Billion - Total Payroll 4,002,919 Covered Employees 1 out of every 4 workers in California is covered by Self Insurance

  3. SELF INSURED GROUPS (SIG)

  4. SELF INSURED GROUPS 31 SIGs in California 23 are Active 4,719 - SIG Employers

  5. SELF INSURED GROUPS 2.25% of California Workforce 354,000 - Total Employees $ 4.8 BB – Total Payroll

  6. SELF INSURED GROUPS Total EFL $ 150,675,479 Posted Deposit $ 219,134,602 Required Deposit $ 217,054,946 Deposit Surplus $ 2,079,656 SIGs moved from a deposit deficit last year to deposit surplus this year !!

  7. Introducing E-Filing on 1-1-13 • Statewide Claims Administrator Testing • Electronic Transfer Funds (ETF) • Newsline Bulletins and Updates OSIP IMPROVEMENTS

  8. Lack of Regulatory Order Members Auditors TPA Board of Trustees Actuary SIG Administrator

  9. Bringing Order to Disarray Members Auditors TPA Board of Trustees Actuary SIG Administrator

  10. REGULATORY GUIDANCE LETTERS Board of Trustees Financial Auditors Actuaries Members Actuarial Rate Plans

  11. SIG ACTUARIAL PEER REVIEWS

  12. REGULATORY EXAMINATIONS 6 SPECIAL EXAMINATIONS ORDERED CA-SIG NEGOTIATED EXEMPTION IF SIG’s VOLUNTARILY PROVIDED A REGULATORY EXAMINATION VERY FEW SIGs HAVE TAKEN ADVANTAGE OF THE VOLUNTARY EXAMINATIONS

  13. SB863

  14. SB 863 ChangesSecurity Deposit 80% Confidence Level is Gone Tax Gap is Gone

  15. SB 863 ChangesSecurity Deposit Actuarial Based Collateral Deposit Actuarial Central Estimate (expected) Including IBNR, ULAE and ALAE

  16. SB 863 Changes Professional Employer Organizations and similar type staffing firms No New PEOs Effective 1-1-2013 Any current PEOs Revoked by 1-1-2015

  17. SB 863 ChangesSelf Insurers Security Fund Greater Involvement in collateral decisions SISF is Indemnified from liability if OSIP does not immediately turn of defaulted liabilities

  18. FUTURE OF SIGs AND SELF INSURANCE IN CALIFORNIA Expanding Demand for Self Insurance Increased Accessibility to become Self Insured Streamlining application and approval process

  19. 2013 REGULATORY PLAN Continue to Implement SB863 Aligning regulations with a framework for the future Opportunities will exist for public participation and input into the process

  20. QUESTIONS

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