State Comp. Ins. Fund v. Workers' Comp. Appeals Bd.

Opinion

VOGEL (C. S.), P. J.

Introduction

Mario Chacon entered into a settlement agreement with State Compensation Insurance Fund (SCIF), a workers’ compensation carrier. The settlement agreement, which was approved by the Workers’ Compensation Appeals Board (WCAB), provided for a structured settlement, including periodical annuity payments of $1,500 and $3,000 to be paid beginning on or about February 15, 1997.

The annuity checks, which were issued and postdated February 15, 1997, by an out-of-state life insurance company, were received February 14, 1997, and deposited. Because the funds were…