DIVISION 2. CLASSES OF INSURANCE 1880-12880.5›PART 3. LIABILITY, WORKERS' COMPENSATION, AND COMMON CARRIER LIABILITY INSURANCE 11550-11895›CHAPTER 4. The State Compensation Insurance Fund 11770-11886.2›ARTICLE 1. Organization and Powers 11770-11805
§ 11776
California Insurance Code · 2018-11 edition · updated 2026-10-04 · California
The actual loss experience and expense of the fund shall be ascertained on or about the first of January in each year for the year preceding. If it is then shown that there exists an excess of assets over liabilities, necessary reserves, and a reasonable surplus for the catastrophe hazard, then a cash dividend may be declared to, or a credit allowed on the renewal premium of, each employer who has been insured with the fund.
(Enacted by Stats. 1935, Ch. 145.)
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