97-130. Definitions.
As used in this Article:
(1) "Association" means the North Carolina Self-Insurance Security Association established by G.S. 97-131.
(1a) "Association Aggregate Security System" means the security system established by the Association under G.S. 97-133 whereby individual self-insurers collectively secure their aggregate self-insured workers' compensation liabilities through the North Carolina Self-Insurance Security Association.
(2) "Board" means the Board of Directors of the Association established by G.S. 97-132.
(3) "Commissioner" means the North Carolina Commissioner of Insurance.
(4) "Covered claim" means an unpaid claim against an insolvent individual self-insurer or group self-insurer that relates to an injury that occurs while the individual self-insurer or group self-insurer is a member of the Association and that is compensable under this Chapter.
(5) "Fund" means the North Carolina Self-Insurance Security Fund established by G.S. 97-133.
(5a) "Group" or "Group self-insurer" means a group self-insurer licensed by the Commissioner under Part 1, Article 47 of Chapter 58 of the General Statutes.
(5b) "Individual self-insurer" means an individual employer licensed by the Commissioner under Article 5 of this Chapter.
(6) "Member self-insurer" or "member" means an individual self-insurer or group self-insurer that is required to be a member of the Association under this Article or Part 1, Article 47 of Chapter 58 of the General Statutes.
(7) "Plan" means the Plan of Operation authorized by G.S. 97-134.
(8) Repealed by Session Laws 2005-400, s. 1.2, effective January 1, 2006.
(9) "Servicing facility" means those persons delegated by the Board to settle or compromise claims and to expend Fund assets to pay claims.
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