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Session Laws, 1949
Volume 590, Page 1134   View pdf image (33K)
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1134 LAWS OF MARYLAND. [CH. 463

Annotated Code of Maryland (1947 Supplement), title
"Workmen's Compensation", sub-title "Suit—Methods of
Insurance", be and it is hereby repealed and re-enacted,
with amendments, to read as follows:

15.

(3) (a) Any such employer who does not, with the
approval of said Commission, voluntarily insure the pay-
ment of the compensation by one of the methods desig-
nated in the preceding paragraphs of this section, must
furnish satisfactory proof to the Commission of his finan-
cial ability to pay such compensation himself, in which
case the Commission may, at any time and from time to
time in its discretion, require the deposit with the Com-
mission of securities such as are accepted by the Equity
Courts of Baltimore City for the investment of trust funds
and in an amount or amounts to be determined by the
Commission, to secure the liability of the employer to pay
the compensation specified in this Article; and in order
to be informed as to the continued financial responsibility
of any such employer the Commission may require reports
from him annually or at any such other times as the Com-
mission may deem necessary or advisable, and may exam-
ine such employer under oath or make such other exami-
nation of his business as the Commission may determine.
If he should fail to furnish such satisfactory proof, or
give bond, or deposit such securities as required by the
Commission, or if he should at any time fail to render
satisfactory reports to the Commission or otherwise
satisfy the Commission of its continued financial ability
to pay the compensation himself, he shall be subject to the
provisions of the first paragraph of this section of this
Article, and shall be required by the Commission to insure
as provided in the first paragraph of said this section,
unless he, at once, insures voluntarily as provided in the
second paragraph of this section.

(b) Any employer, subject to the provisions of this
Article, who, after November 1st, nineteen hundred and
fourteen, fails or refuses to submit to said Commission, as
provided in the next succeeding paragraphs, the method
he desires to adopt for assuring compensation, or who
shall fail to secure insurance by one of such methods or
who fails to pay compensation to an injured employee in
accordance with the award of the Commission, shall be
guilty of a misdemeanor, and shall be subject to a fine of
not less than five hundred nor more than five thousand
dollars. Any fine levied against any employer failing or
refusing to secure insurance as required by this Article

 

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Session Laws, 1949
Volume 590, Page 1134   View pdf image (33K)
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