Section 25-203 – Group Workers’ Compensation Policy Authorized
Employers subject to this subtitle may be insured under a group workers’ compensation insurance policy under the conditions that the Commissioner sets.
Section 25-204 – Premium Payment Guaranteed
The nonprofit agricultural association or nonprofit cooperative agricultural marketing association of producers shall guarantee premium payment by its members that are covered under the group workers’ compensation policy.
Section 25-301 – Definitions
(a) In this subtitle the following words have the meanings indicated. (b) “Administrator” means a person engaged by a workers’ compensation self-insurance group to carry out the policies established by the self-insurance group and to provide management of the self-insurance group. (c) “Insolvent self-insurance group” means a self-insurance group in which each individual member of the group is […]
Section 25-302 – Self-Insurance Groups Authorized
An employer may satisfy the requirements of § 9-402 of the Labor and Employment Article by participating in a self-insurance group that meets the requirements of this subtitle.
Section 25-303 – Regulations
(a) In this section, “service company” means a person that provides services that are not provided by the administrator, including: (1) claims adjustment; (2) safety engineering; (3) compilation of statistics and the preparation of premium, loss, and tax reports; (4) preparation of other required self-insurance reports; (5) development of members’ assessments and fees; and (6) administration of a claim fund. (b) The Commissioner […]
Section 25-304 – General Requirements
(a) Before a self-insurance group may operate, the self-insurance group must obtain the approval of the Commissioner, including approval of its self-insurance agreement. (b) Each self-insurance group must have combined net assets of at least $1,000,000. (c) (1) A self-insurance group shall pay all workers’ compensation benefits for which each member incurs liability during its period of membership. (2) Each […]
Section 25-305 – Self-Insurers’ Guaranty Fund
(a) A self-insurance group is not liable for payments to the Property and Casualty Insurance Guaranty Corporation. (b) There is a Self-Insurers’ Guaranty Fund. (c) The Uninsured Employers’ Fund established under § 10-304 of the Labor and Employment Article shall administer the Self-Insurers’ Guaranty Fund. (d) Each self-insurance group shall pay an assessment into the Self-Insurers’ Guaranty Fund at […]
Section 25-306 – Termination of Self-Insurance Agreement; Mergers
(a) The Commissioner may not grant the request of a self-insurance group to terminate its self-insurance agreement unless the self-insurance group has insured or reinsured all incurred workers’ compensation obligations with an authorized insurer under an agreement filed with and approved in writing by the Commissioner. (b) (1) Subject to the approval of the Commissioner, a self-insurance group […]
Section 25-101 – Definitions
(a) In this subtitle the following words have the meanings indicated. (b) “Board of directors” or “board” means the governing body of a risk retention group elected by the shareholders or members of the risk retention group to establish policy, elect or appoint officers and committees, and make other governing decisions. (c) (1) “Completed operations liability” means liability arising […]
Section 25-102 – Domestic Risk Retention Groups
(a) A risk retention group that seeks to be chartered in the State: (1) shall be chartered and licensed as a liability insurance company in conformance with all insurance laws and regulations of the State; and (2) except as otherwise provided in this subtitle, shall comply with: (i) all the laws, regulations, and requirements applicable to insurers chartered and […]