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This entry was published on 2014-09-22
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Awards exceeding current balance
Navigation (NAV) CHAPTER 37, ARTICLE 12, PART 3
§ 189. Awards exceeding current balance. In the event that the total
awards for a specific occurrence exceed the current balance of the fund,
the immediate award shall be paid on a prorated basis, and all claimants
paid on a prorated basis shall be paid as determined by the
administrator, a pro rata share of all moneys received by the fund until
the total amount of the proven damages is paid to the claimant or
claimants. The administrator may also provide through regulation to fix
the priority for the payment of claims based on extreme hardship.