(1) If:
(a) the Fund has become the employer of an employee because of subsection 4(3); and
(b) the Fund has paid an amount of money in respect of an employee in accordance with this Act; and
(c) the actual employer of the employee had a policy of insurance or indemnity with an insurer under section 93;
then:
(d) the Fund is subrogated to all of the actual employer's rights and remedies in relation to the policy of insurance or indemnity, as the case may be; and
(e) the actual employer is not entitled to, and may not enforce payment of, the amount.
(2) If:
(a) the Fund has become the employer of an employee because of subsection 4(3); and
(b) the Fund has paid an amount of money in respect of an employee in accordance with this Act; and
(c) the actual employer of the employee was a member of a protection and indemnity association under section 93;
then:
(d) the Fund is subrogated to all of the actual employer's rights and remedies in relation to the association.