Form CDI-071 Workers' Compensation Deposit Trust and Security Agreement - California

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Form CDI-071 Workers' Compensation Deposit Trust and Security Agreement - California

What Is Form CDI-071?

This is a legal form that was released by the California Department of Insurance - a government authority operating within California. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form CDI-071?A: Form CDI-071 is the Workers' Compensation Deposit Trust and Security Agreement specifically used in California.

Q: What is the purpose of Form CDI-071?A: The purpose of Form CDI-071 is to establish a deposit trust and security agreement for workers' compensation liabilities.

Q: Who uses Form CDI-071?A: Form CDI-071 is used by employers in California who need to establish a deposit trust and security agreement for workers' compensation liabilities.

Q: What is a deposit trust and security agreement?A: A deposit trust and security agreement is a financial arrangement where an employer deposits funds into a trust account to ensure payment of workers' compensation claims.

Q: Is Form CDI-071 specific to California?A: Yes, Form CDI-071 is specific to California and is used to comply with the state's workers' compensation requirements.

Q: Is Form CDI-071 mandatory for all employers in California?A: Form CDI-071 is not mandatory for all employers in California. It is typically required for larger self-insured employers or those who do not meet certain financial thresholds.

Q: What are the consequences of not complying with Form CDI-071 requirements?A: Failure to comply with Form CDI-071 requirements may result in penalties or sanctions from the California Department of Insurance.

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Form Details:

  • Released on May 1, 2020;
  • The latest edition provided by the California Department of Insurance;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form CDI-071 by clicking the link below or browse more documents and templates provided by the California Department of Insurance.

Download Form CDI-071 Workers' Compensation Deposit Trust and Security Agreement - California

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