N.C. Gen. Stat. § 97-136
Powers and duties of the Commissioner
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
(1) The Commissioner shall: Notify the Association of the existence of an insolvent member self-insurer not later than 30 days after he receives notice of an insolvency pursuant to the standards set forth in G.S. 97-135.
(1) The Commissioner shall: Notify the Association of the existence of an insolvent member self-insurer not later than 30 days after he receives notice of an insolvency pursuant to the standards set forth in G.S. 97-135.
(2) Repealed by Session Laws 2011-196, s. 10, effective July 1, 2011.
(2) Repealed by Session Laws 2011-196, s. 10, effective July 1, 2011.
(3) The Commissioner may: Require that the Association notify the insureds of the insolvent member self-insurer and any other interested parties of the insolvency and of their rights under this Article. The notifications shall be by mail at their last known addresses, where available; but if required information for notification is not available, notice by publication in a newspaper of general circulation in this State shall be sufficient; and
(3) The Commissioner may: Require that the Association notify the insureds of the insolvent member self-insurer and any other interested parties of the insolvency and of their rights under this Article. The notifications shall be by mail at their last known addresses, where available; but if required information for notification is not available, notice by publication in a newspaper of general circulation in this State shall be sufficient; and
(4) Revoke the designation of any servicing facility if the Commissioner finds claims are being handled unsatisfactorily.
(4) Revoke the designation of any servicing facility if the Commissioner finds claims are being handled unsatisfactorily.
History
(1985 (Reg. Sess., 1986), c. 1013, s. 1; 2005-400, s. 6.2; 2011-196, s. 10.)
Effect of Amendments. - Session Laws 2005-400, s. 6.2, effective January 1, 2006, substituted "shall" for "shall notify" in the first paragraph of subsection (a); inserted the subdivision (a)(1) designation; inserted "Notify" at the beginning of present subdivision (a)(1); added subdivision (a)(2); substituted "The notifications" for "Such notifications" at the beginning of the second sentence in subdivision (b)(1); and substituted "the Commissioner" for "he" in subdivision (b)(2).
Session Laws 2011-196, s. 10, effective July 1, 2011, deleted subdivision (a)(2), which read: "Approve or disapprove the plan for an Association Aggregate Security System as required under G.S. 97-133(a) (2a)b. and notify the Association of the information required under G.S. 97-133(a) (2a)c."
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.