§23-4C-3. Payment of excess damages from fund.
Upon receipt of a final order of a court determining the
liability under section two, article four of this chapter of a
subscribing employer and the amount of the excess of damages over
the amount received or receivable under this chapter, the executive
director shall make disbursements from the employers' excess
liability fund in the amounts and to the persons as directed by the
final order. In the event of a proposed settlement of a disputed
claim against a subscribing employer, the executive director, upon
approving the settlement upon petition by the subscribing employer,
shall make disbursements from the employers' excess liability fund
in the amounts and to the persons specified in the approved
settlement. In the event of the settlement of any disputed claim
in which one or more of the persons entitled to the proceeds to be
paid pursuant to the settlement is under a legal disability by
reason of age, mental incapacity or other reason, the settlement,
if required by other provisions of law to be approved by a circuit
court, shall be approved by the circuit court of the county in
which the person under disability is a resident or in which a civil
action could be brought and maintained upon the claim, in addition
to being approved by the commission as required by this section.
The executive director shall by rule establish criteria and
procedures for the settlement of all disputed claims.