Sec. 71-3-169. Assignment of rights to association
(1) Any person recovering under Sections 71-3-151 through 71-3-181 shall be deemed to have assigned his rights under the Workers' Compensation Law to the association to the extent of his recovery from the association. Any claimant seeking the protection of Sections 71-3-151 through 71-3-181 shall cooperate with the association to the same extent as such person would have been required to cooperate with the insolvent self-insurer. The association shall have no cause of action against the claimant under the Workers' Compensation Law of the insolvent self-insurer for any sums it has paid out except such causes of action as the insolvent self-insurer would have had if such sums had been paid by the insolvent self-insurer.
(2) The receiver, liquidator or statutory successor of an insolvent self-insurer shall be bound by settlements of covered claims by the association. The court having jurisdiction shall grant such claims priority equal to that which the claimant would have been entitled in the absence of Sections 71-3-151 through 71-3-181 against the assets of the insolvent self-insurer. The expenses of the association or similar organization in handling claims shall be accorded the same priority as the liquidator's expenses.
(3) The association shall periodically file with the receiver or liquidator of the insolvent self-insurer statements of the covered claims paid by the association and estimates of anticipated claims on the association, which shall preserve the rights of the association against the assets of the insolvent insurer.