On determination by the Workers' Compensation Court Administrator that a self-insurer has become an impaired self-insurer, the Administrator shall secure release of the security deposit required by Section 51 of this act and advise the Workers' Compensation Self-Insurance Guaranty Fund Board of the impairment. Claims administration, including processing, investigating and paying valid claims against an impaired self-insurer pursuant to the Workers' Compensation Code, may include payment by the surety that issued the surety bond or be pursuant to a contract between the Administrator and an insurance carrier, appropriate state governmental entity or an approved service organization, as approved by the Administrator.

Added by Laws 2011, SB 878, c. 318, § 63.