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§ 2702. Fund

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 77 P.S. Workers’ CompensationEffective: October 24, 2018

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 77 P.S. Workers' Compensation (Refs & Annos)
Chapter 12. Uninsured Employers Guaranty Fund (Refs & Annos)
Effective: October 24, 2018
77 P.S. § 2702
§ 2702. Fund
Currentness
(a) Establishment.--
(1) There is established a special fund to be known as the Uninsured Employers Guaranty Fund.
(2) The fund shall be maintained as a separate fund in the State Treasury subject to the procedures and provisions set forth in this article.
(b) Source.--The sources of the fund are:
(1) Assessments provided for under section 1607.1
(2) Reimbursements or restitution.
(3) Interest on money in the fund.
(4) Administrative penalties provided for under section 1610.2
(c) Use.--The administrator shall establish and maintain the fund for the exclusive purpose of paying to any claimant or his dependents workers' compensation benefits due and payable under this act and the act of June 21, 1939 (P.L. 566, No. 284),3 known as The Pennsylvania Occupational Disease Act, and any costs specifically associated therewith where the employer liable for the payments failed to insure or self-insure its workers' compensation liability under section 3054 at the time the injuries took place.
(d) Administration.--The secretary shall be the administrator of the fund and shall have the power to collect money for and disburse money from the fund.
(e) Status.--The fund shall have all of the same rights as an insurer.

Credits

1915, June 2, P.L. 736, No. 338, art. XVI, § 1602, added 2006, Nov. 9, P.L. 1362, No. 147, § 7, effective in 60 days [Jan. 8, 2007]. Amended 2018, Oct. 24, P.L. 804, No. 132, § 2.1, imd. effective.

Footnotes

1
77 P.S. § 2707.
2
77 P.S. § 2710.
3
77 P.S. § 1201 et seq.
4
77 P.S. § 501.
77 P.S. § 2702, PA ST 77 P.S. § 2702
Current through Act 13 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
End of Document