Current through Register Vol. XLI, No. 50, December 13, 2024
Section 85-19-7 - Security Pool Funding7.1. The Security Pool shall be funded by the following sources: a. Proceeds received from the draw-down on surety documents in the event of a self-insured employer's default;b. All graduated premium tax payments made by participating self-insured employers for periods through the quarter ending June 30, 2004;c. Assessments to fund the Security Pool pursuant to W. Va. Code § 23-2-9(e); and d. Proceeds received from any alternative funds identified and made available through legislative enactment.7.2. Should the proceeds identified in subsection 7.1. of this section be inadequate to fully satisfy the obligations of the Security Pool, the Commissioner and the Industrial Council shall identify and pursue such alternative funding as shall be deemed necessary.