You do not have to notify the chief of a change in status where:

You do not have to notify the chief of a change in status where:

• A. The self insurer proposes to cease doing business in CA.
• B. The self-insurer changes ownership.
• C. The self-insurer has a change in minority shareholders.
• D. The self-insurer has a material change in management.

Answer: (C)

Regulatory oversight requires self-insurers to report changes that could affect their ability to meet workers’ compensation obligations. When a self-insurer ceases doing business in California, changes ownership, or experiences a material change in management, these events can alter control, financial responsibility, or the capacity to fund future claims, so they must be reported to the chief to maintain compliance. A change in minority shareholders, on the other hand, does not affect control or the overall ability to meet obligations, so it does not typically require notifying the chief.

Regulatory oversight requires self-insurers to report changes that could affect their ability to meet workers’ compensation obligations. When a self-insurer ceases doing business in California, changes ownership, or experiences a material change in management, these events can alter control, financial responsibility, or the capacity to fund future claims, so they must be reported to the chief to maintain compliance. A change in minority shareholders, on the other hand, does not affect control or the overall ability to meet obligations, so it does not typically require notifying the chief.