23 CAR § 331-134. Benefits owing

(a) If at the end of any calendar year the funds in the treasury of the association are insufficient to meet the losses, then the secretary/treasurer may cause an extra assessment to be levied. (b) The association shall charge off the benefits owing if not paid by the following annual report and the contract funeral home shall absorb the loss. (c) Payments owing to a servicing funeral home, other than the contract funeral home, shall have priority and paid as funds are available.