DOI Says State Fund Okay Financially

The WorkComp Executive reports that the Department of Insurance gave testimony on March 21 to the California Assembly Insurance Committee that its analysis of State Compensation Insurance Fund reflects that it was adequately reserved at least through 1999. According to the Executive, Norris Clark, Deputy Commissioner of Financial Surveillance, testified that 'Assets are not a problem at all and the Comp Fund is highly liquid.' There was no comment on State Fund...