Authorization to require the electronic invoices and transfers.

(a) The Insurance Commissioner shall establish a program to require the acceptance of disbursements by electronic transfer from the funds created in §23-2C-1 et seq . of this code to employers, vendors, claimants, and all others lawfully entitled to receive such disbursements. (b) The Insurance Commissioner may establish a program to require payments of deposits and other funds into the funds created in §23-2C-1 et seq . of this code by electronic transfer of funds. (c) The Insurance Commissioner may establish a program whereby invoices and other charges against the funds created in §23-2C-1 et seq . of this code may be submitted to the Insurance Commissioner by electronic means. (d) Any program authorized by this section must be implemented through a rule promulgated by the Workers’ Compensation Industrial Council.