§23-2C-4. Governance and Organization

[Repealed.]

§23-2C-5. Creation of the Industrial Council; Duties

(a) There is hereby created within the office of the Insurance Commissioner an industrial council. (b) On or before July 1, 2005, the Governor with the advice and consent of the Senate, shall appoint five voting members to the industrial council who meet the requirements and qualifications prescribed in this subsection. Two members of the […]

§23-2C-6. Continuation of Old Fund, Uninsured Employer Fund, Self-Insured Employer Guaranty Risk Pool, and Self-Insured Employer Security Risk Pool

There is hereby continued in the State Treasury a “Workers Compensation Old Fund”, “Workers Compensation Uninsured Employers Fund”, “Self-insured Employer Guaranty Risk Pool”, and “Self-insured Employer Security Risk Pool”. The Insurance Commissioner shall have full authority to administer the Old Fund, the Uninsured Employers Fund, the Self-Insured Employer Guaranty Risk Pool, and the Self-Insured Employer […]

§23-2C-7. Custody, Investment and Disbursement of Funds

The State Treasurer shall be the custodian of the Old Fund, the Uninsured Employer Fund, the Self-Insured Employer Guaranty Risk Pool, and the Self-Insured Employer Security Risk Pool, and moneys payable to each of these funds shall be deposited in the State Treasury to the credit of the funds. Each fund shall be a separate […]

§23-2C-8. Workers Compensation Uninsured Employer Fund

(a) The Workers Compensation Uninsured Employer Fund shall be governed by the following: (1) All money and securities in the fund must be held by the State Treasurer as custodian thereof to be used solely as provided in this article.