2013 Maryland Code
§ 25-307 - Determining financial condition of group

MD Ins Code § 25-307 (2013) What's This?


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.

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