Legislation
SECTION 109-D
Notification of insolvency
Workers' Compensation (WKC) CHAPTER 67, ARTICLE 6-A
§ 109-d. Notification of insolvency. Duties of chairman. Forthwith
upon any carrier becoming an insolvent carrier, the superintendent of
financial services shall so notify the chairman, who shall immediately
advise the superintendent (a) of all claims for compensation pending or
thereafter made against an employer insured by such insolvent carrier or
against such insolvent carrier; (b) of all unpaid or continuing awards
and decisions made upon claims prior to or after the date of such notice
from the superintendent; and (c) of all appeals from or applications for
modification or rescission or review of such awards or decisions.
upon any carrier becoming an insolvent carrier, the superintendent of
financial services shall so notify the chairman, who shall immediately
advise the superintendent (a) of all claims for compensation pending or
thereafter made against an employer insured by such insolvent carrier or
against such insolvent carrier; (b) of all unpaid or continuing awards
and decisions made upon claims prior to or after the date of such notice
from the superintendent; and (c) of all appeals from or applications for
modification or rescission or review of such awards or decisions.