Cal. INS § 11776
This is the official text of Cal. INS § 11776, part of California’s Insurance Code — regulates insurance companies and the insurance policies sold in California.
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Official statutory text
The actual loss experience and expense of the fund shall be ascertained on or about the first of January in each year for the year preceding. If it is then shown that there exists an excess of assets over liabilities, necessary reserves, and a reasonable surplus for the catastrophe hazard, then a cash dividend may be declared to, or a credit allowed on the renewal premium of, each employer who has been insured with the fund.
Status: in_force · Read it on the official government site
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