(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 […]
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.
(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 […]
(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 […]
(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 […]
(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 […]
The Commissioner may: (1) require actuarial studies and audits to determine the financial solvency of each self-insurance group as often as the Commissioner desires; (2) assess each self-insurance group an annual amount of not more than $500 to be used for the actuarial studies and audits; and (3) require an annual report that may include payroll audit reports, […]
(a) (1) After notice and opportunity for a hearing, the Commissioner may impose a monetary penalty on a person or self–insurance group that the Commissioner finds to be in violation of this subtitle or a regulation adopted under this subtitle. (2) A monetary penalty imposed under this subsection may not exceed $1,000 for each violation or $10,000 in […]
