§ 85A-100. Self-insurance Guaranty Fund Board as party to proceedings.

A.  The Self-insurance Guaranty Fund Board shall be a party in interest in all proceedings involving compensation claims against an impaired self-insurer whose compensation claims have been paid or assumed by the Commission and shall have all rights of subrogation of the impaired self-insurer.  In such proceedings, the Board may assume and exercise all rights and defenses of the impaired self-insurer, including, but not limited to, the right to:

1.  Appear, defend and appeal claims;

2.  Receive notice of, investigate, adjust, compromise, settle and pay claims; and

3.  Investigate, handle and contest claims.

B.  The Board may:

1.  Retain such persons as are necessary to handle claims and perform other duties of the Board;

2.  Sue or be sued;

3.  Negotiate and become a party to such contracts as are necessary to carry out the purposes of this act; and

4.  Exercise any other powers necessary to perform its duties under this act as prescribed by the Commission.

Added by Laws 2013, c. 208, § 100, eff. Feb. 1, 2014.