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§ 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 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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