Which entity electronically files the actuarial summary?

Which entity electronically files the actuarial summary?

• A. The Office of Self-Insurance Plans.
• B. The Department of Industrial Relations.
• C. The Workers' Compensation Board.
• D. The Department of Insurance.

Answer: (A)

In California self-insurance plans, the actuarial summary is submitted to the regulator that administers and monitors self-insurance. The Office of Self-Insurance Plans handles this electronic filing. This office sits within the Department of Industrial Relations and is specifically charged with receiving, reviewing, and maintaining actuarial data for self-insured employers, ensuring the plan has adequate funding and solvency to cover future workers’ compensation obligations. The other entities listed aren’t the recipients of these filings: the Department of Insurance deals with private insurers, and the Workers’ Compensation Board is not the filing point for self-insurance actuarial data. The Department of Industrial Relations oversees the overall program, but the actual electronic submission goes to the Office of Self-Insurance Plans.

In California self-insurance plans, the actuarial summary is submitted to the regulator that administers and monitors self-insurance. The Office of Self-Insurance Plans handles this electronic filing. This office sits within the Department of Industrial Relations and is specifically charged with receiving, reviewing, and maintaining actuarial data for self-insured employers, ensuring the plan has adequate funding and solvency to cover future workers’ compensation obligations. The other entities listed aren’t the recipients of these filings: the Department of Insurance deals with private insurers, and the Workers’ Compensation Board is not the filing point for self-insurance actuarial data. The Department of Industrial Relations oversees the overall program, but the actual electronic submission goes to the Office of Self-Insurance Plans.