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This version of the form is not currently in use and is provided for reference only. Download this version of
Form CDI-071
for the current year.
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 used in California.
Q: What does Form CDI-071 entail?
A: Form CDI-071 is a document that establishes a trust account to secure payment of workers' compensation obligations.
Q: Who needs to use Form CDI-071?
A: Employers in California who are self-insured for workers' compensation must use Form CDI-071.
Q: Why is Form CDI-071 important?
A: Form CDI-071 ensures that funds are available to cover workers' compensation obligations in case of default or insolvency.
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: Are there any fees associated with Form CDI-071?
A: Yes, there may be fees associated with establishing and managing the workers' compensation deposit trust account.
Q: What happens if an employer fails to use Form CDI-071?
A: Failure to use Form CDI-071 can result in penalties and legal consequences for non-compliance with workers' compensation laws in California.
Q: Can an employer terminate a workers' compensation deposit trust account?
A: Yes, an employer can terminate a workers' compensation deposit trust account by providing notice and following the required procedures.
Q: Are there any reporting requirements associated with Form CDI-071?
A: Yes, employers are required to provide periodic reports and updates to the California Department of Insurance regarding their workers' compensation deposit trust account.
Form Details:
- Released on March 1, 2019;
- 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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