Title 31A Chapter 33 Section 105

Insurance Code
Workers' Compensation Fund
Section 105
Price of insurance -- Liability of state.

            

31A-33-105.   Price of insurance -- Liability of state.

            (1) The Workers' Compensation Fund shall provide workers' compensation insurance at an actuarially sound price, which the board shall determine.

            (2) The state:

            (a) is not liable for the expenses, liabilities, or debts of:

            (i) the Workers' Compensation Fund;

            (ii) a subsidiary of the fund; or

            (iii) a joint enterprise in which the fund participates; and

            (b) may not use any assets of the Injury Fund for any purpose.


Amended by Chapter 107, 1998 General Session