GENERAL ASSEMBLY OF NORTH CAROLINA
1993 SESSION
CHAPTER 120
The General Assembly of North Carolina enacts:
Section 1. G.S. 97-93(b) reads as rewritten:
"(b) In the case of
subdivision (a)(2) of this section, the Commissioner of Insurance may require
the deposit of an acceptable security, indemnity, or bond to secure the payment
of compensation liabilities as they are incurred. Any individual employer or
group of employers who furnish proof of financial ability under subdivision
(a)(2) of this section shall be governed in all respects by this Article and by
such rules as may be promulgated adopted by the
Commissioner of Insurance."
Sec. 2. G.S. 97-93 is amended by adding a new subsection to read:
"(d) Groups comprising two or more employers who agree to pool their liabilities under subdivision (a)(2) of this section are subject to G.S. 58-3-80, 58-7-50, 58-7-55, 58-7-140, 58-7-160, 58-7-162, 58-7-163, 58-7-165, 58-7-167, 58-7-168, 58-7-170, 58-7-172, 58-7-173, 58-7-177, 58-7-179, 58-7-180, 58-7-183, 58-7-185, 58-7-187, 58-7-188, 58-7-190, 58-7-192, 58-7-193, 58-7-195, 58-7-197, 58-7-200, and Articles 13, 19, and 34 of Chapter 58 of the General Statutes."
Sec. 3. This act becomes effective January 1, 1994.
In the General Assembly read three times and ratified this the 7th day of June, 1993.
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Dennis A. Wicker
President of the Senate
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Daniel Blue, Jr.
Speaker of the House of Representatives