§58-50-225. (Repealed effective January 1, 2017 - see note) North Carolina Health Insurance Risk Pool Fund

(a)        The North Carolina Health Insurance Risk Pool Fund is established and consists of the following revenue:

(1)        Premiums, fees, charges, rebates, refunds, and any other receipts occurring or arising in connection with the Pool.

(2)        The revenue transferred to the Fund under G.S. 105-228.5B.

(3)        Gifts, grants, and other appropriations.

(4)        Any interest earned by the Fund.

(b)        Disbursements from the Fund shall include the amounts required to pay the claims, benefits, and administrative costs as may be determined by the Executive Director and the Board.

(c)        (Repealed effective January 1, 2015) For the purposes of providing the funds necessary to carry out the powers and duties of the Pool, effective July 1, 2008, the Teachers' and State Employees' Comprehensive Major Medical Plan and any successor Plan shall pay an annual surcharge to the North Carolina Health Insurance Risk Pool Fund in the amount of one dollar and fifty cents ($1.50) per member per year based on enrollment of active employee Plan members and their dependents covered under the Plan. The final surcharge shall be paid to the Pool Fund for the 2013-2014 State fiscal year and shall be paid in quarterly installments rather than in one annual payment. Such installments shall be paid to the Pool Fund 60 days after the close of each quarter and shall be due on December 1, 2013, March 1, 2014, June 1, 2014, and September 1, 2014. The Pool shall transfer to the General Fund any funds in excess of the reserve amount established under G.S. 58-50-260(d)(9) that remain in the Pool Fund following the final dissolution of the Pool.

(2007-532, ss. 1.1, 6; 2008-118, ss. 3.2(b), (g); 2013-410, ss. 28.5(b), (c),(d).)