§ 58-48-125. Payments by the Association. - North Carolina 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 theclaims against insolvent stock workers' compensation insurers and insolventmutual workers' compensation insurers, respectively, pursuant to G.S. 58‑48‑110(4)where the insolvency occurred prior to January 1, 1993. The expenses ofadministering these accounts, including loss adjustment expenses, shall be paidout of the respective accounts. (1991 (Reg. Sess., 1992), c.802, s. 10; 1993, c. 504, s. 30.)