THEODORE R. MCKELDIN, GOVERNOR 1589

(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 designated
in the preceding paragraphs of this section, must furnish
satisfactory proof to the Commission of his financial ability
to pay such compensation himself, in which case the Com-
mission may, at any time and from time to time in its dis-
cretion, require the deposit with the Commission of securi-
ties 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 the Commission may require
such employer to obtain and file with the Commission a
policy of insurance protecting said employer against lia-
bility for Workmen's Compensation benefits resulting from
a catastrophe or disaster, OTHER THAN FROM AN ACT
OF WAR. If required by the Commission, such policy of
insurance shall be in such amount and shall contain
such provisions as in the judgment of the Commission
shall be required to provide security for the payment of
compensation and medical treatment; 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 Commission
may deem necessary or advisable, and may examine such
employer under oath or make such other examination 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 him-
self, he shall be subject to the provisions of the first para-
graph of this section of this Article, and shall be required
by the Commission to insure as provided in the first para-
graph of said this section, unless he, at once, insures volun-
tarily as provided in the second paragraph of this section.

SEC. 2. And be it further enacted, That this Act shall
take effect June 1, 1953.

Approved April 27, 1953.