The Commissioner may:
(1) require actuarial studies and audits to determine the financial solvency of each self-insurance group as often as the Commissioner desires;
(2) assess each self-insurance group an annual amount of not more than $500 to be used for the actuarial studies and audits; and
(3) require an annual report that may include payroll audit reports, summary loss reports, and quarterly financial statements.
Structure Maryland Statutes
Title 25 - Alternative Market Mechanisms
Subtitle 3 - Group Self-Insurance for Workers' Compensation
Section 25-302 - Self-Insurance Groups Authorized
Section 25-304 - General Requirements
Section 25-305 - Self-Insurers' Guaranty Fund
Section 25-306 - Termination of Self-Insurance Agreement; Mergers