SB 847: Workers’ compensation: uninsured employer: transfer of real property.

The bill proposes to add a new section to the labor code. It aims to protect workers' compensation by addressing situations where an uninsured employer or a substantial shareholder transfers real property after an employee is injured. The bill allows the director to determine if the transfer was intended to retain a beneficial interest in the property, potentially creating a trust for the uninsured employer. If the director finds this to be the case, a lien can be attached to the resulting trust, and written notices will be sent to the transferor and transferee. This ensures that the uninsured employer's claim is prioritized and protected.