21 NCAC 34D .0401. DEFINITIONS

For the purposes of this section, the following definitions shall apply:

(1)        "Fund" shall mean the preneed recovery fund as established by G.S. 90-210.66.

(2)        "Applicant" shall mean a person who has suffered a reimbursable loss pursuant to G.S. 90-210.66.

(3)        "Reimbursable losses" are only those losses of money which meet the requirements of G.S. 90-210.66 and in which, as determined by the Board, the applicant has exhausted all viable means to collect the applicant's losses and has complied with this section.  Reimbursable losses shall not include losses of spouses, children, parents, grandparents, siblings, partners, associates, employers and employees of the person or business entity causing the losses.

 

History Note:        Authority G.S. 90-210.69(a); 90-210.66(c), (d), (f), (g);

Eff. May 1, 1993.