The State Compensation Insurance Fund (State Fund) is a workers' compensation insurer established by the state of California in 1914. It operates as a public enterprise fund with partial autonomy from the state government and is headquartered in San Francisco, with regional offices throughout California[1][3]. State Fund is California's largest provider of workers' compensation insurance and serves approximately 130,000 policyholders[1][3]. It also acts as a third-party administrator for claims for state agencies[1]. ### Key Features: - Establishment and Purpose: Created by the Boynton Act of 1913 to ensure injured workers receive necessary treatment while protecting employers from costly medical bills[1][4]. - Operational Structure: Offers an open-door policy for writing insurance for California businesses needing workers' compensation coverage[1]. - Market Presence: Holds a significant market share, particularly during periods when private carriers have exited the market[1]. - Financials: As of 2013, State Fund reported assets of approximately $20 billion and a workforce of over 4,000 people[1]. - Digital Presence: Provides online services through State Fund Online, allowing policyholders to manage their policies and claims efficiently[2]. ### Competitive Environment: California operates a competitive state fund system, allowing businesses to choose between State Fund and private insurance carriers for workers' compensation coverage[5]. This flexibility enables businesses to select the best option based on their needs and budget[5].