North Dakota Code 65-05.2-03 – Payment of supplementary benefits from the supplementary benefit fund
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The payment of supplementary benefits to eligible recipients shall be made by the organization from the supplementary benefit fund. If the supplementary benefit fund is inadequate to pay the full amount of supplementary benefits to an eligible recipient, the levels of supplementary benefits shall be prorated for all eligible recipients. The organization shall not be required to provide a reserve in the fund to pay liability incurred as a result of such supplementary benefits.
Terms Used In North Dakota Code 65-05.2-03
- Organization: includes a foreign or domestic association, business trust, corporation, enterprise, estate, joint venture, limited liability company, limited liability partnership, limited partnership, partnership, trust, or any legal or commercial entity. See North Dakota Code 1-01-49