§ 96‑10.1.  Compromise of liability.
(a)	Authority. – The Secretary may compromise an employer's liability under this Article when the Secretary determines that the compromise is in the best interest of the State and makes one or more of the following findings:
(1)	There is a reasonable doubt as to the amount of the liability of the employer under the law and the facts.
(2)	The employer is insolvent and the Secretary probably could not otherwise collect an amount equal to, or in excess of, the amount offered in compromise. An employer is considered insolvent only in one of the following circumstances:
a.	It is plain and indisputable that the employer is clearly insolvent and will remain so in the reasonable future.
b.	The employer has been determined to be insolvent in a judicial proceeding.
(3)	Collection of a greater amount than that offered in compromise is improbable, and the funds or a substantial portion of the funds offered in the settlement come from sources from which the Secretary could not otherwise collect.
(b)	Written Statement. – When the Secretary compromises an employer's liability under this section and the amount of the liability is at least one thousand dollars ($1,000), the Secretary must make a written statement that sets out the amount of the liability, the amount accepted under the compromise, a summary of the facts concerning the liability, and the findings on which the compromise is based. The Secretary must sign the statement and keep a record of the statement.  (2013‑2, s. 3(b); 2013‑224, s. 19.)