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Current as of January 01, 2023 | Updated by Findlaw Staff
(a) The Commissioner shall:
(1) Notify the Association of the existence of an insolvent member self-insurer not later than 30 days after he receives notice of an insolvency pursuant to the standards set forth in G.S. 97-135.
(2) Repealed by S.L. 2011-196, § 10, eff. July 1, 2011.
(b) The Commissioner may:
(1) Require that the Association notify the insureds of the insolvent member self-insurer and any other interested parties of the insolvency and of their rights under this Article. The notifications shall be by mail at their last known addresses, where available; but if required information for notification is not available, notice by publication in a newspaper of general circulation in this State shall be sufficient; and
(2) Revoke the designation of any servicing facility if the Commissioner finds claims are being handled unsatisfactorily.
Cite this article: FindLaw.com - North Carolina General Statutes Chapter 97. Workers' Compensation Act § 97-136. Powers and duties of the Commissioner - last updated January 01, 2023 | https://codes.findlaw.com/nc/chapter-97-workers-compensation-act/nc-gen-st-sect-97-136/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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