58-48-125. Payments by the Association.
The accounts created in G.S. 58-48-115 and G.S. 58-48-120 shall be used to pay the claims against insolvent stock workers' compensation insurers and insolvent mutual workers' compensation insurers, respectively, pursuant to G.S. 58-48-110(4) where the insolvency occurred prior to January 1, 1993. The expenses of administering these accounts, including loss adjustment expenses, shall be paid out of the respective accounts. (1991 (Reg. Sess., 1992), c. 802, s. 10; 1993, c. 504, s. 30.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 48 - Postassessment Insurance Guaranty Association.
§ 58-48-5 - Purpose of Article.
§ 58-48-25 - Creation of the Association.
§ 58-48-30 - Board of directors.
§ 58-48-35 - Powers and duties of the Association.
§ 58-48-40 - Plan of operation.
§ 58-48-42 - Procedure for appeal to Commissioner from decision of Association.
§ 58-48-45 - Duties and powers of the Commissioner.
§ 58-48-50 - Effect of paid claims.
§ 58-48-55 - Nonduplication of recovery.
§ 58-48-60 - Prevention of insolvencies.
§ 58-48-65 - Examination of the Association.
§ 58-48-85 - Stay of proceedings; reopening of default judgments.
§ 58-48-90 - Termination; distribution of funds.
§ 58-48-95 - Use of deposits made by insolvent insurer.
§ 58-48-100 - Statute of repose; guardians ad litem; notice.
§ 58-48-105 - Transfer of balance of security funds.
§ 58-48-110 - Purpose of the accounts.
§ 58-48-120 - Creation of Mutual Fund Account; maintenance of Mutual Fund Account.