§ 9-1011
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/md/labor-and-employment/9-1011·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§9–1011.
(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.
(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.