1. A. The Workers' Compensation Self-Insurance Guaranty Fund Board shall be a party in interest in all proceedings involving compensation claims against an impaired self-insurer whose compensation claims have been paid or assumed by the Board and shall have all rights of subrogation of the impaired self-insurer. In such proceedings, the Board shall assume and may exercise all rights and defenses of the impaired self-insurer, including, but not limited to, the right to:

   1. 1. Appear, defend and appeal claims;
   2. 2. Receive notice of, investigate, adjust, compromise, settle and pay claims; and
   3. 3. Investigate, handle and contest claims.

2. B. The Board may:

   1. 1. Retain such persons as are necessary to handle claims and perform other duties of the Board;
   2. 2. Sue or be sued; and
   3. 3. Negotiate and become a party to such contracts as are necessary to carry out the purposes of this act.

Added by Laws 2011, SB 878, c. 318, § 64.