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21,583 statutes · page 1,071 of 1,080
United States — North Carolina
1 provisions
The board must have at least nine directors. Directors are selected by the members, serve three-year terms until a successor is chosen and qualified, have no term limit, and may be reimbursed for expenses from the association’s assets.
United States — North Carolina
1 provisions
The Association must administer the Fund, run the Association Aggregate Security System, assess participating individual self-insurers, pay covered claims, and handle claims. It may also suspend or terminate the system if operating it is not feasible or practical.
United States — North Carolina
1 provisions
The Board must adopt a Plan of Operation, and member self-insurers must comply with it.
United States — North Carolina
1 provisions
A member self-insurer is treated as insolvent if a court says so, bankruptcy proceedings are started, the Board makes certain financial findings, or a security instrument deems it insolvent.
United States — North Carolina
1 provisions
The Commissioner must notify the Association within 30 days after receiving notice of an insolvency. The Commissioner may also require notices to insureds and other interested parties, and may revoke a servicing facility designation if claims are handled unsatisfactorily.
United States — North Carolina
1 provisions
The Association is subject to examination and regulation by the Commissioner, and the Board must file an annual financial report by June 1 in a Commissioner-approved form.
United States — North Carolina
1 provisions
The Association is exempt from paying state and local fees and taxes, except taxes on real or personal property.
United States — North Carolina
1 provisions
Certain listed parties are immune from liability and causes of action for acts or omissions done while carrying out their powers and duties under this Article, except for willful neglect or malfeasance.
United States — North Carolina
1 provisions
If a covered claim can be recovered from more than one guaranty or security association, the claimant must first seek recovery from the association for the claimant’s place of residence.
United States — North Carolina
1 provisions
Claims and proceedings tied to an insolvent member self-insurer are stayed for 60 days, and related time periods are also paused.
United States — North Carolina
1 provisions
If the Association dissolves, remaining assets must be sent to the State Treasurer after outstanding claims are provided for.
United States — North Carolina
1 provisions
After notice that a member is insolvent, the Commissioner must deliver the member’s deposit to the Association, and the Association may use it for covered claims, related expenses, and certain recovery efforts.
United States — North Carolina
1 provisions
This section defines terms used in the article and gives the Commissioner power to decide whether a CPA is independent.
United States — North Carolina
1 provisions
The Commission may approve settlement agreements only if the statute’s conditions are met, and the employer must file a copy with the Commission.
United States — North Carolina
1 provisions
Employers generally may not self-insure workers’ compensation liabilities unless licensed by the Commissioner, and self-insurer applicants must file required information and an application copy on time.
United States — North Carolina
1 provisions
The Commissioner must review the application and either grant or deny a license.
United States — North Carolina
1 provisions
The Commissioner may issue a license to an applicant, including the applicant and one or more subsidiaries, if the listed requirements are met.
United States — North Carolina
1 provisions
This section sets the process for ending or pausing workers’ compensation benefits and gives the employee a right to object.
United States — North Carolina
1 provisions
This section requires compensation to be paid promptly, sets notice duties for employers/insurers, and adds penalties or extra amounts for late payment or missed notices.
United States — North Carolina
1 provisions
Self-insurers must file specified reports and maintain accurate payroll records, and they must report certain changes to the Commissioner.