Maryland Insurance Section 25-305

Article - Insurance

§ 25-305.

      (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.



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