§ 58-48-130. Termination. - North Carolina Statutes

§58‑48‑130.  Termination.

The account created in G.S. 58‑48‑115shall be dissolved when all liabilities of the Stock Workers' CompensationSecurity Fund, under former G.S. 97‑107 have been satisfied. Any excessmoneys in the Stock Reserve Account shall be refunded to the member insurersthat were stock workers' compensation carriers during the preceding calendaryear. The amount to be refunded to each stock carrier shall be in proportion tothe assessments paid by each stock carrier. The account created in G.S. 58‑48‑120shall be dissolved when the liabilities of the Mutual Workers' CompensationSecurity Fund, under former G.S. 97‑114, have been satisfied. Any excessmoneys in the mutual reserve account shall be refunded to the member insurersthat were mutual workers' compensation carriers during the preceding calendaryear. The amount to be refunded to each mutual carrier shall be in proportionto the assessments paid by each mutual carrier. (1991 (Reg. Sess., 1992), c.802, s. 11.)