Home Table of Contents

§ 25-307. Financial solvency of self-insurance group

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, § 25-307
§ 25-307. Financial solvency of self-insurance group
Currentness
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, summary loss reports, and quarterly financial statements.

Credits

Added by Acts 1996, c. 11, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, § 609.
MD Code, Insurance, § 25-307, MD INSURANCE § 25-307
Current with legislation effective through October 1, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document