Resolution Of Agreement Of Parental Assumption And Guarantee

RESOLUTION OF AGREEMENT OF PARENTAL ASSUMPTION AND GUARANTEE. This form is a corporate resolution used in California workers’ compensation self-insurance matters. This document is adopted by the board of directors of a parent or holding corporation to authorize its legally controlled subsidiaries or affiliates to seek a Certificate of Consent to Self-Insure workers’ compensation liabilities in California. Through this resolution, the parent corporation formally guarantees payment of all workers’ compensation liabilities incurred by current and future self-insured subsidiaries or affiliates operating in the state. The resolution also authorizes designated corporate officers to execute the State of California Agreement of Assumption and Guarantee of Workers’ Compensation Liabilities on behalf of the organization. A certification section allows the corporate secretary to attest that the resolution was duly adopted and remains in effect. www.FormsWorkflow.com