§ 97-133 – Powers and duties of the Association.
97-133. Powers and duties of the Association. (a) The Association shall: (1) Repealed by Session Laws 1999-219, s. 7.2, effective June 25, 1999. (1a) Administer a fund, to be known as the North Carolina Self-Insurance Security Fund, which shall receive the assets of the North Carolina Self-Insurance Guaranty Fund previously established under subdivision (2) of […]
§ 97-134 – Plan of Operation.
97-134. Plan of Operation. The Plan is as follows: (1) The Board shall adopt a Plan of Operation and any amendments necessary or suitable to assure the fair, reasonable, and equitable administration of the Association. (2) All member self-insurers shall comply with the Plan. (3) The Plan shall: a. Establish the procedures whereby all the […]
§ 97-130 – Definitions.
97-130. Definitions. As used in this Article: (1) "Association" means the North Carolina Self-Insurance Security Association established by G.S. 97-131. (1a) "Association Aggregate Security System" means the security system established by the Association under G.S. 97-133 whereby individual self-insurers collectively secure their aggregate self-insured workers’ compensation liabilities through the North Carolina Self-Insurance Security Association. (2) […]
§ 97-131 – Creation.
97-131. Creation. (a) There is created a nonprofit unincorporated legal entity to be known as the North Carolina Self-Insurance Security Association. The Association is to provide mechanisms for the payment of covered claims against member self-insurers, to avoid excessive delay in payment of covered claims, to avoid financial loss to claimants because of the insolvency […]