2013 Maryland Code
INSURANCE
§ 24-306 - Authorized insurer
§24-306.
(a) The Company:
(1) shall be an authorized insurer; and
(2) on and after October 1, 2013, shall be the workers’ compensation insurer of last resort for employers covered under Title 9 of the Labor and Employment Article.
(b) Before October 1, 2013, the Fund shall serve as the workers’ compensation insurer of last resort for workers’ compensation insurance and as a competitive workers’ compensation insurer under the same terms and conditions as the Fund served before October 1, 2012.
(c) The Company may not cancel or refuse to renew or issue a policy except for:
(1) nonpayment of a premium for current or prior policies issued by the Fund or the Company;
(2) failure to provide payroll information to the Fund or the Company; or
(3) failure to cooperate in any payroll audit conducted by the Fund or the Company.
(d) The Company may engage only in the business of workers’ compensation insurance in accordance with State law.
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