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Current as of January 01, 2025 | Updated by Findlaw Staff
(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.
(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.
Cite this article: FindLaw.com - Maryland Code, Labor and Employment § 9-1011 - last updated January 01, 2025 | https://codes.findlaw.com/md/labor-and-employment/md-code-labor-and-emply-sect-9-1011/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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