Md. Code, Lab. & Empl. § 9-1011
Md. Code, Lab. & Empl. § 9-1011
Maryland · Maryland Code, Labor and Employment · Status: effective
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- Md. Code, Lab. & Empl. § 9-1011, Maryland, version 1 as recorded 2026-09-29, yourstate.us, https://yourstate.us/provision/1781236
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Full text
(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.