BILL NUMBER: SB 487INTRODUCED BILL TEXT INTRODUCED BY Senator Calderon FEBRUARY 21, 2013 An act relating to workers' compensation insurance. LEGISLATIVE COUNSEL'S DIGEST SB 487, as introduced, Calderon. Workers' compensation insurance: Self-Insured Group Security Fund. Existing law establishes a workers' compensation system, administered by the Administrative Director of the Division of Workers' Compensation, to compensate an employee for injuries sustained in the course of his or her employment. This bill would express the intent of the Legislature to enact legislation to establish a Self-Insured Group Security Fund for purposes of workers' compensation insurance. Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no. THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS: SECTION 1. It is the intent of the Legislature to enact legislation to establish a Self-Insured Group Security Fund for purposes of workers' compensation insurance.