North Carolina Self Insurance Guaranty Association

Upon the insolvency of a member self-insurer, the association collaborates with the north carolina department of insurance, investigates and participates in bankruptcy proceedings, and works with corporate representatives from the insolvent self-insurer to determine the action plan for the payment of outstanding member workers' compensation claims. The association investigates all relevant insurance carriers to determine what if any recoveries may be available for the payment of workers' compensation claims. In accordance with its statutory mandate, upon default on the payment of workers' compensation claims by a former member self-insurer, the association pays covered claims and pursues recoveries in the bankruptcy court or liquidation proceeding and pursues recoveries from all relevant insurance carriers or financial institutions.