23-983. Determination of rates, surplus and reserves

A. The state compensation fund shall be neither more nor less than self-supporting.

B. Notwithstanding any other provision of law to the contrary, the manager of the state compensation fund may in his discretion endorse on any of the regularly issued policies a self-rating plan, and may apply tentative rates, subject to modification in accordance with the loss experience of such risks, and shall provide for a carrying charge, premium tax and a rate for creation of a catastrophe reserve and reserves to meet anticipated and unexpected losses to be fixed by the state compensation fund.

23-983. Determination of rates, surplus and reserves

A. The state compensation fund shall be neither more nor less than self-supporting.

B. Notwithstanding any other provision of law to the contrary, the manager of the state compensation fund may in his discretion endorse on any of the regularly issued policies a self-rating plan, and may apply tentative rates, subject to modification in accordance with the loss experience of such risks, and shall provide for a carrying charge, premium tax and a rate for creation of a catastrophe reserve and reserves to meet anticipated and unexpected losses to be fixed by the state compensation fund.