North Carolina General Statutes § 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.)

Sections:  Previous  58-48-90  58-48-95  58-48-100  58-48-105  58-48-110  58-48-115  58-48-120  58-48-125  58-48-130  58-49-1  58-49-5  58-49-10  58-49-12  58-49-15  58-49-20  Next

Last modified: March 23, 2014