Section 10-102 – Injured Workers’ Insurance Fund

    (a)    (1)    There is an Injured Workers’ Insurance Fund.         (2)    The Fund is an instrumentality of the State.     (b)    On and after October 1, 2013, the Company, and not the Fund, shall serve as the workers’ compensation insurer of last resort for workers’ compensation insurance.     (c)    On and after October 1, 2013, the Fund:         (1)    shall continue to exist; but         (2)    may […]

Section 10-103 – Employees

    (a)    On and after October 1, 2013:         (1)    the Fund may not hire new employees; and         (2)    employees of the Fund:             (i)    may remain employees of the Fund;             (ii)    shall continue to be State employees only if they remain employees of the Fund;             (iii)    may not be required to be employees of the Company;             (iv)    shall be subject to each law that […]

Section 10-104 – Independent Unit

    (a)    The Fund is independent of all State units.     (b)    (1)    Except as provided in paragraph (2) of this subsection and elsewhere in this subtitle, the Fund is not subject to any law, including § 6–106 of the State Government Article, that affects governmental units.         (2)    The Fund is subject to:             (i)    Title 4 of the General Provisions Article;             (ii)    Title […]

Section 10-105 – Injured Workers’ Insurance Fund Board

    (a)    (1)    There is a Board for the Injured Workers’ Insurance Fund.         (2)    The Board shall manage the business and affairs of the Fund as an instrumentality of the State in accordance with State law.     (b)    (1)    The Board consists of the following members:             (i)    the State Treasurer, or the State Treasurer’s designee; and             (ii)    the two members appointed to the Board […]

Section 10-106 – Staff

    (a)    (1)    The Board shall appoint a President of the Fund.         (2)    The President of the Fund shall be an employee of the Fund.     (b)    (1)    Except as provided in paragraph (2) of this subsection, employees of the Fund are special appointments.         (2)    A classified employee of the Fund hired before July 1, 1990 in a nonprofessional or nontechnical position shall […]

Section 10-107 – Existence of Fund

    Notwithstanding any other law to the contrary, the Fund shall remain in existence until it:         (1)    no longer has any employees; and         (2)    is terminated by the repeal of this subtitle.

Section 10-108 – State Has No Interest in Assets of Fund

    (a)    The State has no interest in the assets of the Fund.     (b)    All revenues, money, and assets of the Fund belong solely to the Fund and are held by the Fund in trust for the policyholders, injured workers and their families, and creditors of the Fund.     (c)    The State may not borrow, appropriate, or direct payments from […]