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§ 9-1011. Suspension and resumption of assessments

West's Annotated Code of MarylandLabor and Employment

West's Annotated Code of Maryland
Labor and Employment
Title 9. Workers' Compensation (Refs & Annos)
Subtitle 10. Uninsured Employers (Refs & Annos)
MD Code, Labor and Employment, § 9-1011
§ 9-1011. Suspension and resumption of assessments
Currentness
Suspension of assessments
(a)(1) When the amount of the Fund equals at least $5,000,000, the payment of assessments by employers and insurers is suspended.
(2) The Director shall notify each self-insured employer and insurer of the suspension of the payment of assessments under paragraph (1) of this subsection.
Resumption of assessments
(b)(1) Payment of assessments shall be resumed if:
(i) the amount of the Fund becomes less than $3,000,000 because of payments made under § 9-1002 of this subtitle or other payments; or
(ii) the Director determines that payments that are likely to be made from the Fund in the next 3 months will reduce the amount of the Fund to less than $3,000,000.
(2) When payment of assessments is to be resumed under paragraph (1) of this subsection, the Director shall notify each self-insured employer and insurer that payment of assessments is to:
(i) resume on a specified date; and
(ii) continue until the amount of the Fund becomes at least $5,000,000.

Credits

Added by Acts 1991, c. 8, § 2, eff. Oct. 1, 1991. Amended by Acts 1999, c. 316, § 1, eff. July 1, 1999.
Formerly Art. 101, § 91.
MD Code, Labor and Employment, § 9-1011, MD LABOR & EMPLY § 9-1011
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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