North Carolina S306 amends laws concerning the North Carolina Self-Insurance Association, including definitions and participation in the Association.

North Carolina S306 amends laws concerning the North Carolina Self-Insurance Association, including definitions and participation in the Association Aggregate Security System. The bill redefines terms such as "Association," "Association Aggregate Security System," "Commissioner," and "Covered claim." It mandates that individual self-insurers participate in the Association Aggregate Security System unless excluded by the Board of Directors. The bill also specifies exclusions from the system, such as self-insurers with revoked licenses or low debt ratings.

North Carolina S306 amends laws concerning the North Carolina Self-Insurance Association, including definitions and participation in the Association.

North Carolina S306 amends laws concerning the North Carolina Self-Insurance Association, including definitions and participation in the Association Aggregate Security System. The bill redefines terms such as "Association," "Association Aggregate Security System," "Commissioner," and "Covered claim." It mandates that individual self-insurers participate in the Association Aggregate Security System unless excluded by the Board of Directors. The bill also specifies exclusions from the system, such as self-insurers with revoked licenses or low debt ratings.