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California Labor Code

§ 5106

LAB § 5106Div. 4 · Part 3 · Ch. 3

Statute text

View on leginfo.ca.gov
The appeals board shall, upon the request of the Director of Industrial Relations, where the employer is uninsured and the installments of compensation awarded are to be paid in the future, determine the present worth of the future payments, discounted at the rate of 3 percent per annum, and order the present worth paid into the Uninsured Employers Fund, which fund shall thereafter pay to the beneficiaries of the award the future payments as they become due.

Legislative history

Amended by Stats. 1987, Ch. 202, Sec. 3.

Source: California Labor Code § 5106 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.