View this article online: https://www.insurancejournal.com/news/west/2020/03/23/562033.htm
California’s State Compensation Insurance Fund announced several steps to support policyholders during the COVID-19 crisis, including a moratorium on policy cancellations and late payment penalties.
State Fund also said it will extend credit to any business negatively impacted by COVID-19 events and offer businesses the ability to adjust their payroll reporting.
Additionally, State Fund is postponing all site visits and has implemented a work-at-home program that is allowing the vast majority of its employees to work remotely.
State Fund is a not for profit provider of workers’ comp and is funded solely by premiums and investment income.