North Carolina § 97-136 - Powers and duties of the Commissioner.

§ 97-136. Powers and duties of the Commissioner.

The Commissioner shall: Notify the Association of the existence of an insolvent member self-insurer not later than 30 days after he receives notice of an insolvency pursuant to the standards set forth in G.S. 97-135. Repealed by Session Laws 2011-196, s. 10, effective July 1, 2011. The Commissioner may: Require that the Association notify the insureds of the insolvent member self-insurer and any other interested parties of the insolvency and of their rights under this Article. The notifications shall be by mail at their last known addresses, where available; but if required information for notification is not available, notice by publication in a newspaper of general circulation in this State shall be sufficient; and Revoke the designation of any servicing facility if the Commissioner finds claims are being handled unsatisfactorily. History (1985 (Reg. Sess., 1986), c. 1013, s. 1; 2005-400, s. 6.2; 2011-196, s. 10.) Effect of Amendments. - Session Laws 2005-400, s. 6.2, effective January 1, 2006, substituted "shall" for "shall notify" in the first paragraph of subsection (a); inserted the subdivision (a)(1) designation; inserted "Notify" at the beginning of present subdivision (a)(1); added subdivision (a)(2); substituted "The notifications" for "Such notifications" at the beginning of the second sentence in subdivision (b)(1); and substituted "the Commissioner" for "he" in subdivision (b)(2). Session Laws 2011-196, s. 10, effective July 1, 2011, deleted subdivision (a)(2), which read: "Approve or disapprove the plan for an Association Aggregate Security System as required under G.S. 97-133(a)(2a)b. and notify the Association of the information required under G.S. 97-133(a)(2a)c."