2013 Maryland Code
INSURANCE
§ 25-305 - Self-Insurers' Guaranty Fund


MD Ins Code § 25-305 (2013) What's This?

§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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