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Current as of January 01, 2023 | Updated by Findlaw Staff
(a) Every employer subject to the provisions of this Article relative to the payment of compensation shall either:
(1) Insure and keep insured his liability under this Article in any authorized corporation, association, organization, or in any mutual insurance association formed by a group of employers so authorized; or
(2) Repealed by S.L. 1997-362, § 5, eff. Dec. 1, 1997.
(3) Obtain a license from the Commissioner of Insurance under Article 5 of this Chapter or under Article 47 of Chapter 58 of the General Statutes.
(b) to (d) Repealed by S.L. 1997-362, § 5, eff. Dec. 1, 1997.
(e) Every employer who is in compliance with the provisions of subsection (a) of this section shall post in a conspicuous place in places of employment a notice stating that employment by this employer is subject to the North Carolina Workers' Compensation Act and stating whether the employer has a policy of insurance against liability or qualifies as a self-insured employer. In the event the employer allows its insurance to lapse or ceases to qualify as a self-insured employer, the employer shall, within five working days of this occurrence, remove any notices indicating otherwise.
Cite this article: FindLaw.com - North Carolina General Statutes Chapter 97. Workers' Compensation Act § 97-93. Employers required to carry insurance or prove financial ability to pay for benefits; employers required to post notice; self-insured employers regulated by Commissioner of Insurance - last updated January 01, 2023 | https://codes.findlaw.com/nc/chapter-97-workers-compensation-act/nc-gen-st-sect-97-93/
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