Quote:
Originally Posted by rusnak
State Fund is a Ca state agency. You either buy WC through a broker or through them.
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I don't think it is. First of all, it is an insurance entity, a non profit with no obligation to the public. I believe SF is licensed with the Dept of Ins as any other. Therefore, not a government agency.
It definitely was created by the state, but it is self supporting and not directly connected with any other state government agency.
What may be at issue here is the word "agency." In government, an agency is a function of the executive branch of government. Agencies create policy and regulation in order to carry out the laws of the state legislators. State Fund does not do that.
They are there to create balance and competition to other workers' comp insurers who operate for profit.
If you know more, please post.