§33-20E-14. The Medical Professional Liability Insurance Fund;
capitalization; transfer of assets and liabilities
to board of directors.
(a) There is hereby established a special revenue fund, to be
known as the "medical professional liability insurance fund," into
which any initial capital, surplus or premiums or assessments
charged and collected by the state board under the provisions of
the interim plan shall be deposited.
(b) A portion of the association's initial capital and surplus
may be provided by the Legislature, in an amount, upon terms and
conditions, and from sources as may be determined by the
Legislature in its sole discretion.
(c) Upon approval of the final plan of operation by the
commissioner, the state board shall transfer the assets and
liabilities of the association to the board of directors.