2005 North Carolina Code - General Statutes § 97-136. Powers and duties of the Commissioner.

§ 97‑136.  Powers and duties of the Commissioner.

(a)       The Commissioner shall:

(1)       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)       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.

(b)       The Commissioner may:

(1)       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

(2)       Revoke the designation of any servicing facility if the Commissioner finds claims are being handled unsatisfactorily. (1985 (Reg. Sess., 1986), c. 1013, s. 1; 2005‑400, s. 6.2.)