Category Archives: For Brokers
Senate Bill 189 Attempts to Rectify Assembly Bill 2883
AB 2883 legislation put us all in overdrive making sure our clients understood the bill’s impact, and took action accordingly to verify employee/owner status. Your partnership in helping our policyholders achieve compliance was critical and greatly appreciated. We were all … Read more
3 New Ways State Fund Makes Doing Business Easier
#1 – No Check? No Problem! Bind that Business! Earlier this year State Fund enhanced and streamlined our new business bind process by no longer requiring copies of checks to bind policies for brokered accounts. Now, to bind a policy … Read more
Operation Backlash – State Fund Fighting Fraud
A massive and complex fraud involving approximately 51,000 injured workers, crooked attorneys, medical doctors, chiropractors, and marketers has resulted in significant indictments and convictions earlier this year, and is beginning to move into the sentencing phase. For the past few … Read more
Finding Value in State Fund Loss Prevention Services
What if no one ever got hurt on the job? That possibility drives and inspires us. State Fund’s loss prevention experts are passionate about creating safer workplaces and helping employers make educated decisions to help control costs. Our industry-leading loss … Read more
Need CE Credits to Renew Your License? State Fund Offers FREE CDI Accredited Classes
Is the clock ticking for you to complete your twenty four (24) hours of continuing education to renew your license? California Dept. of Insurance (CDI) recommends completing the required continuing education hours at least 60 days prior to license expiration … Read more
Policyholders Can Ease Their Cash Flow with Improved Payment Options and Lower Deposits
We are introducing significant improvements to our billing terms and payment options to make it easier for policyholders to manage their cash flow and do business with us. Specifically, we are going to allow more policyholders to take advantage of … Read more
Help Your Clients Lower Their Claims Costs through Timely Reporting of Claims
Reporting claims timely has been proven to reduce costs. Claims costs generally rise as lag time increases between date of knowledge and date reported. In some cases the costs of claims can double. Here are some simple and effective steps … Read more
Fighting Criminal Fraud Pays Off
In 2016, State Fund successfully resolved two Racketeering Influenced and Corrupt Organizations Act (RICO) suits. These suits were filed in 2013 to expose and prosecute a complex fraud scheme being perpetrated by a number of medical vendors in the California … Read more
Receive Your Commission Payments Faster
How would you like to receive your commission payments faster and have it directly deposited into your brokerage’s bank account? Now you can with State Fund’s Electronic Funds Transfer Authorization. Say goodbye lost checks in the mail and having stop … Read more
Broker Spotlight – Terry Stotka, DHW Insurance Brokers
“If you operate a business, you will–at some point–have a workers’ compensation claim.” That’s a message broker Terry Stotka reminds his clients of on a regular basis. “So let’s make sure you have the best program,” he said. “And … Read more