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§ 9-403. Approval of self-insurance plan

West's Annotated Code of MarylandLabor and Employment

West's Annotated Code of Maryland
Labor and Employment
Title 9. Workers' Compensation (Refs & Annos)
Subtitle 4. Insurance Coverage (Refs & Annos)
MD Code, Labor and Employment, § 9-403
§ 9-403. Approval of self-insurance plan
Required
(a) An employer who wishes to self-insure under § 9-402(a)(4) of this subtitle and a governmental self-insurance group that wishes to establish joint self-insurance coverage under § 9-402(a)(2) of this subtitle shall get the approval of the Commission for the self-insurance plan of the employer or governmental self-insurance group.
Application
(b) To get the approval of the Commission for a self-insurance plan, an employer or a governmental self-insurance group shall apply to the Commission.
Determination by Commissioner
(c) The Commission may approve or deny the use of a self-insurance plan by an employer or a governmental self-insurance group.
Application after denial
(d) If the Commission denies the use of a self-insurance plan by an employer or governmental self-insurance group, the employer or governmental self-insurance group may apply to the Commission for approval to use another self-insurance plan.
Revocation or modification of approval
(e) The Commission may revoke or modify its approval for use of a self-insurance plan if the Commission determines that revoking or modifying approval is reasonably necessary:
(1) to secure compensation; or
(2) except for a public service corporation under the jurisdiction of the Public Service Commission, to prevent or otherwise to reduce accidents.

Credits

Added by Acts 1991, c. 8, § 2, eff. Oct. 1, 1991. Amended by Acts 2013, c. 43, § 5.
Formerly Art. 101, § 16A.
MD Code, Labor and Employment, § 9-403, MD LABOR & EMPLY § 9-403
Current through legislation effective through June 1, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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