Sacramento, CA (CompNewsNetwork) - The Department of Industrial Relations’ Office of Self Insurance Plans (DIR/SIP) today posted a notice of rulemaking for a regulations package that includes changes to increase oversight of Self Insured Groups (SIGs). The proposed amendments would also require self-insured employers, or their claims administrators, to adopt the same reporting of medical cost containment program expenses as the workers’ compensation insurance carriers.
“California’s regulation of SIGs remains the most stringent in the entire nation,” said DIR Director and SIP Administrator John C. Duncan. “These regulation changes will provide additional reporting requirements for SIGs, shorten reporting timeframes and allow our office more opportunities to monitor and verify groups’ historical as well as prospective reports. The increased oversight will provide the SIG’s Board of Trustees, members and our office with more complete and timely information.”
The proposed rulemaking package includes regulatory changes that will … read more