§ 85A-99. Impaired self-insurer.

On determination by the Commission that a self-insurer has become an impaired self-insurer, the Commission shall secure release of the security required by Section 38 of this act and advise the Self-insurance Guaranty Fund Board of the impairment.  Claims administration, including processing, investigating and paying valid claims against an impaired self-insurer under this act, may include payment by the surety that issued the surety bond or be under a contract between the Commission and an insurance carrier, appropriate state governmental entity or an approved service organization, as approved by the Commission.

Added by Laws 2013, c. 208, § 99, eff. Feb. 1, 2014.