58-23-1. Short title; definition. This Article shall be known and may be cited as the Local Government Risk Pool Act. As used in this Article, "local government" means any county, city, or housing authority located in this State. (1985 (Reg. Sess., 1986), c. 1027, s. 26; 1987, c. 864, s. 30.)
58-23-10. Board of trustees. (a) Each pool will be operated by a board of trustees consisting of at least five persons who are elected officials or employees of local governments within this State. The board of trustees of each pool will: (1) Establish terms and conditions of coverage within the pool, including underwriting criteria and […]
58-23-15. Contract. A contract or agreement made pursuant to this Article must contain provisions: (1) For a system or program of loss control; (2) For termination of membership including either: a. Cancellation of individual members of the pool by the pool; or b. Election by an individual member of the pool to terminate its participation; […]
58-23-20. Termination. A pool or a terminating member must provide at least 90 days’ written notice of the termination or cancellation. A workers’ compensation pool must notify the Commissioner of the termination or cancellation of a member within 10 days after notice of termination or cancellation is received or issued. (1985 (Reg. Sess., 1986), c. […]
58-23-26. Financial monitoring and evaluation of pools. (a) Each pool shall have an annual audit by an independent certified public accountant, pursuant to Part 7 of Article 10 of this Chapter, at the expense of the pool, and shall make a copy of the audit available to the governing body or chief executive officer of […]
58-23-30. Insolvency or impairment of pool. (a) If, as a result of the annual audit or an examination by the Commissioner, it appears that the assets of a pool are insufficient to enable the pool to discharge its legal liabilities and other obligations, the Commissioner must notify the administrator and the board of trustees of […]
58-23-35. Immunity of administrators and boards of trustees. There is no liability on the part of and no cause of action arises against any board of trustees established or administrator appointed pursuant to G.S. 58-23-10, their representatives, or any pool, its members, or its employees, agents, contractors, or subcontractors for any good faith action taken […]
58-23-40. Pools not covered by guaranty associations. The provisions of Articles 48 and 62 of this Chapter and of Article 4 of Chapter 97 of the General Statutes do not apply to any risks retained by local governments pursuant to this Article. (1985 (Reg. Sess., 1986), c. 1027, s. 26; 1987, c. 441, s. 18; […]
58-23-45. Relationship to other insurance laws. Unless local government risk pools are specifically referenced in a particular section of this Chapter, no provisions in this Chapter other than this Article apply to local government risk pools. (1999-351, s. 6.)
58-23-5. Local government pooling of property, liability and workers’ compensation coverages. (a) In addition to other authority granted to local governments under Chapters 153A and 160A of the General Statutes to jointly purchase insurance or pool retention of their risks, two or more local governments may enter into contracts or agreements under this Article for […]
