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§ 9-408. Restrictions on agreements

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, § 9-408
§ 9-408. Restrictions on agreements
Agreement for indemnity
(a) Any agreement of an employer that indemnifies the employer for damage or loss due to the injury of an employee caused by accidental personal injury, occupational disease, or negligence of the employer or an agent, officer, or servant of the employer is void unless the agreement also covers the liability of the employer to pay compensation under this title.
Agreement for payment of premium
(b) An agreement by a covered employee to pay to or for an employer any part of a premium for coverage under this title is void.
Letter or credit
(c) A letter of credit issued under this subtitle shall contain:
(1) a provision that the letter of credit is irrevocable for the term specified;
(2) a provision that the letter of credit renews automatically at the end of the term unless written notice of nonrenewal is sent by the financial institution to the Commission by registered mail at least 60 days before the date of expiration;
(3) a statement that the letter of credit is not subject to any condition or qualification; and
(4) a statement that the letter of credit is governed by the Uniform Customs and Practice for Documentary Credits of the International Chamber of Commerce.

Credits

Added by Acts 1991, c. 8, § 2, eff. Oct. 1, 1991. Amended by Acts 1991, c. 21, § 5; Acts 1991, c. 510; Acts 1991, c. 669.
Formerly Art. 101, §§ 19, 51.
MD Code, Labor and Employment, § 9-408, MD LABOR & EMPLY § 9-408
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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