2011 North Carolina General Statutes
Chapter 58 Insurance.
Article 50 - General Accident and Health Insurance Regulations.
58-50-225. North Carolina Health Insurance Risk Pool Fund.
58‑50‑225. North Carolina Health Insurance Risk Pool Fund.
(a) The North Carolina Health Insurance Risk Pool Fund is established and consists of the following revenue:
(1) Premiums, fees, charges, rebates, refunds, and any other receipts occurring or arising in connection with the Pool.
(2) The revenue transferred to the Fund under G.S. 105‑228.5B.
(3) Gifts, grants, and other appropriations.
(4) Any interest earned by the Fund.
(b) Disbursements from the Fund shall include the amounts required to pay the claims, benefits, and administrative costs as may be determined by the Executive Director and the Board.
(c) For the purposes of providing the funds necessary to carry out the powers and duties of the Pool, effective July 1, 2008, the Teachers' and State Employees' Comprehensive Major Medical Plan and any successor Plan shall pay an annual surcharge to the North Carolina Health Insurance Risk Pool Fund in the amount of one dollar and fifty cents ($1.50) per member per year based on enrollment of active employee Plan members and their dependents covered under the Plan. (2007‑532, ss. 1.1, 6; 2008‑118, ss. 3.2(b), (g).)
Disclaimer: These codes may not be the most recent version. North Carolina may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
