When is the annual report due for public self-insurers?

When is the annual report due for public self-insurers?

• A. Jan 1
• B. Oct 1
• C. Mar 1
• D. Jul 1

Answer: (B)

Public self-insurers must file an annual financial and activity report with the Office of Self-Insured Plans in the California Department of Industrial Relations. This reporting requirement exists to keep the state informed about the plan’s financial condition, reserves, claims activity, and compliance status, ensuring the program remains solvent and properly funded. The report is due by October 1 each year, making October 1 the standard deadline. Submitting on time helps avoid penalties or potential loss of self-insured status.

Public self-insurers must file an annual financial and activity report with the Office of Self-Insured Plans in the California Department of Industrial Relations. This reporting requirement exists to keep the state informed about the plan’s financial condition, reserves, claims activity, and compliance status, ensuring the program remains solvent and properly funded. The report is due by October 1 each year, making October 1 the standard deadline. Submitting on time helps avoid penalties or potential loss of self-insured status.