Maryland Statutes
Subtitle 10 - Uninsured Employers
Section 9-1011 - Suspension and Resumption 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.
    (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.

Structure Maryland Statutes