344. The Commission shall pay to the beneficiary the benefits owing by an employer who is personally liable for the payment of benefits where the employer and his insurer or the surety for or warrantor of payment of the benefits have disappeared or are insolvent.
The Commission may also levy, each year, from the employers who are personally liable for the payment of benefits an additional assessment the proceeds of which shall not exceed 25% of the amount of the costs required for the administration of this chapter in order to cover the sums it has paid under the first paragraph and the interest on those sums.
The interest is determined in accordance with section 323.
Payment of the assessment described in the second paragraph by an employer subrogates him, up to the amount he has paid, to the rights of the Commission against the employer and his insurer or the surety for or warrantor of payment of the benefits.