1. A. The 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 Commission and shall have all rights of subrogation of the impaired self-insurer. In such proceedings, the Board may assume and 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;
   3. 3. Negotiate and become a party to such contracts as are necessary to carry out the purposes of this act; and
   4. 4. Exercise any other powers necessary to perform its duties under this act as prescribed by the Commission.

Laws 2013, SB 1062, c. 208, § 100, eff. February 1, 2014.