Section 902. (a) (1) There is hereby established a special fund to be known as the Self-Insurance Guaranty Fund.
(2) The fund shall be maintained as two distinct custodial accounts in the State Treasury as separate and distinct accounts subject to the procedures and provisions set forth in this article.
(b) The moneys in each custodial account shall consist of security and assessments, as defined in section 907, and interest accumulated thereon.
(c) The administrator shall establish and maintain the following two distinct and separate custodial accounts. The moneys and other assets in each account are not to be commingled or used to pay claims from the other account.
(1) Custodial account for self-insured employers for the exclusive benefit of claims arising from defaulting individual self-insured employers.
(2) Custodial account for self-insurance pooling as defined under section 801 for the exclusive benefit of claims arising from defaulting members of pooling arrangements.
(d) The secretary shall be the administrator of the fund and shall have the power to collect, dispense and disperse money from the fund.
(902 added July 2, 1993, P.L.190, No.44)