Every employer subject to the provisions of this chapter who has been unable to obtain a workers’ compensation insurance policy shall have the right to apply to the State Corporation Commission to have his risk assigned to an insurance carrier licensed to write and writing workers’ compensation insurance in this Commonwealth. The insurance carrier, whether stock, mutual, reciprocal or interinsurer or other type or form of organization, to whom any such risk is assigned shall issue a policy of workers’ compensation insurance which will enable such employer to meet the requirements of this chapter.