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North Carolina Workers' Compensation Legal Library


North Carolina Home Page   >   North Carolina Regulations
 

ARTICLE 4.

North Carolina Self-Insurance Security Association.

Section

§97-134. Plan of Operation.

The Plan is as follows:

  1. The Board shall adopt a Plan of Operation and any amendments necessary or suitable to assure the fair, reasonable, and equitable administration of the Association.

  2. All member self-insurers shall comply with the Plan.

  3. The Plan shall:

    1. Establish the procedures whereby all the powers and duties of the Association under G.S. 97-133 will he performed.

    2. Establish procedures for investing and managing Fund assets.

    3. Adopt a reasonable mechanism and procedure to achieve equity in assessing members under G.S. 97-133 .

    4. Establish the amount and method of reimbursing members of the Board under G.S. 97-132 .

    5. Establish procedures by which claims may be filed with the Association and establish acceptable forms of proof of covered claims.

    6. Establish regular places and times for meetings of the Board.

    7. Establish procedures for records to be kept of all financial transactions of the Association, its agents, and the Board.

    8. Provide that any member self-insurer aggrieved by any final action or decision of the Association may appeal to the Commissioner within 30 days after the action or decision.


    9. Contain additional provisions necessary or proper for the execution of the powers and duties of the Association. (1985 (Reg. Sess., 1986), c. 1013, s. 1; 1987 c. 528, s. 11; 2005; 2011.)



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