Maryland Statutes
Subtitle 3 - Group Self-Insurance for Workers' Compensation
Section 25-305 - Self-Insurers' Guaranty Fund

(a)    A self-insurance group is not liable for payments to the Property and Casualty Insurance Guaranty Corporation.
    (b)    There is a Self-Insurers’ Guaranty Fund.
    (c)    The Uninsured Employers’ Fund established under § 10-304 of the Labor and Employment Article shall administer the Self-Insurers’ Guaranty Fund.
    (d)    Each self-insurance group shall pay an assessment into the Self-Insurers’ Guaranty Fund at the same level assessed against other workers’ compensation insurers by the Property and Casualty Insurance Guaranty Corporation under Title 9, Subtitle 3 of this article.
    (e)    (1)    The Self-Insurers’ Guaranty Fund shall pay any outstanding obligations of a self-insurance group that becomes insolvent.
        (2)    If the Self-Insurers’ Guaranty Fund becomes insolvent, any outstanding obligations of an insolvent self-insurance group are a joint and several liability of each member of the self-insurance group.

Structure Maryland Statutes