(a)Establishment.--(1) There is established a special fund to be known as the Uninsured Employers Guaranty Fund.(2) The fund shall be maintained as a separate fund in the State Treasury subject to the procedures and provisions set forth in this article.(b) Source.--The sources of the fund are: (1) Assessments provided for under section 1607.(2) Reimbursements or restitution.(3) Interest on money in the fund.(4) Administrative penalties provided for under section 1610.(c) Use.--The administrator shall establish and maintain the fund for the exclusive purpose of paying to any claimant or his dependents workers' compensation benefits due and payable under this act and the act of June 21, 1939 ( P.L. 566, No.284), known as The Pennsylvania Occupational Disease Act, and any costs specifically associated therewith where the employer liable for the payments failed to insure or self-insure its workers' compensation liability under section 305 at the time the injuries took place.(d)Administration.--The secretary shall be the administrator of the fund and shall have the power to collect money for and disburse money from the fund.(e)Status.--The fund shall have all of the same rights as an insurer. Amended by P.L. TBD 2018 No. 132, § 2.1, eff. 10/24/2018.1915, June 2, P.L. 736, No. 338, art. XVI, § 1602, added 2006, Nov. 9, P.L. 1362, No. 147, §7, effective in 60 days [ 1/8/2007].