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§ 25-301. Definitions

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 25. Alternative Market Mechanisms
Subtitle 3. Group Self-Insurance for Workers' Compensation (Refs & Annos)
MD Code, Insurance, § 25-301
§ 25-301. Definitions
Currentness
In general
(a) In this subtitle the following words have the meanings indicated.
Administrator
(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.
Insolvent self-insurance group
(c) “Insolvent self-insurance group” means a self-insurance group in which each individual member of the group is unable to meet the member's debts as they mature in the ordinary course of business, as determined by the Commissioner.
Self-insurance agreement
(d) “Self-insurance agreement” means the partnership arrangement between the members of a self-insurance group that defines the rights, obligations, and liabilities of the members of the self-insurance group.
Self-insurance group
(e)(1) “Self-insurance group” means two or more employers organized in accordance with this subtitle.
(2) “Self-insurance group” does not include a governmental self-insurance group organized under § 9-404 of the Labor and Employment Article.

Credits

Added by Acts 1996, c. 11, § 1, eff. Oct. 1, 1997. Amended by Acts 2001, c. 426, § 1, eff. Oct. 1, 2001.
Formerly Art. 48A, § 608.
MD Code, Insurance, § 25-301, MD INSURANCE § 25-301
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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