§ 25-305
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/md/insurance/25-305A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§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.
(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.