GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1995

H	1 

HOUSE BILL 915

Short Title:  Substitute Workers' Compensation.	(Public)

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Sponsors: Representatives Dockham; and McMahan.

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Referred to:  Insurance.

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April 12, 1995

A BILL TO BE ENTITLED
AN ACT TO AUTHORIZE EMPLOYERS TO INSURE THE EMPLOYERS' LIABILITY UNDER THE WORKERS' COMPENSATION ACT THROUGH A SUBSTITUTE SYSTEM OF COMPENSATION AND INSURANCE THAT PROVIDES BENEFITS FOR INJURED EMPLOYEES THAT ARE AT LEAST EQUAL TO THOSE THAT ARE PROVIDED UNDER A STANDARD WORKERS' COMPENSATION POLICY.
The General Assembly of North Carolina enacts:
Section 1.  G.S. 97-93(a) reads as rewritten:
"(a)	Every employer subject to the provisions of this Article relative to the payment of compensation shall either:
(1)	Insure and keep insured his liability under this Article in any authorized corporation, association, organization, or in any mutual insurance association formed by a group of employers so authorized, that:
a.	Provides a standard workers' compensation policy, or
b.	Provides a substitute system of compensation and insurance pursuant to the provisions of G.S. 97-93.1; or
(2)	Furnish to the Commissioner of Insurance satisfactory proof of the employer's financial ability, either alone or through membership in a group comprising two or more employers who agree to pool their liabilities under this Article, to directly pay the compensation in the amount and manner and when due as provided for in this Article."
Sec. 2.  Article 1 of Chapter 97 of the General Statutes is amended by adding a new section to read:
"§ 97-93.1.  Employers authorized to provide substitute system of compensation and insurance.