2470                                          LAWS OF MARYLAND [Ch. 721

(House Bill 353)
AN ACT concerning

Workmen's Compensation — State Accident Fund

FOR the purpose of providing that the State Accident Fund
may issue insurance coverage pursuant to any act
providing for compensation [[enacted by the
law—making body of any state or the Congress of the
United States of America]] equal to the benefits
allowable under State, Federal or District of
Columbia Compensation Laws and generally relating
thereto.

BY repealing and re-enacting, with amendments.

Article 101 — Workmen's Compensation

Section 70 and 72

Annotated Code of Maryland

(1964 Replacement Volume and 1973 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Sections 70 and 72 of Article 101 -
Workmen's Compensation, of the Annotated Code of Maryland
(1964 Replacement Volume and 1973 Supplement) be and they
are hereby repealed and re—enacted, with amendments, to
read as follows:

Article 101 — Workmen's Compensation
70.

There shall be as part of the Department of
Personnel a "State Accident Fund," for the purpose of
insuring employers against liability under this article.
The State Accident Fund may also issue employer's
liability insurance [[AND INSURANCE COVERAGE PURSUANT TO
ANY ACT PROVIDING FOR COMPENSATION NOW OR HEREAFTER
ENACTED BY THE LAW-MAKING BODY OF ANY STATE OR THE
CONGRESS OF THE UNITED STATES OF AMERICA IF SUCH
LIABILITY IS INCIDENT TO AN EMPLOYMENT CARRIED ON IN THIS
STATE, AND EVERY PAYMENT MADE ON ACCOUNT THEREOF SHALL
CONSTITUTE AN ELEMENT OF LOSS FOR THE PURPOSE OF
ESTABLISHING PREMIUM RATES]] AND MAY PAY BENEFITS EQUAL

TO THE BENEFITS ALLOWABLE AND PAYABLE UNDER THE DISTRICT

OF COLUMBIA COMPENSATION LAW, OR ALLOWABLE AND PAYABLE

UNDER ANY OTHER STATE OR FEDERAL COMPENSATION LAW

APPLICABLE TO THE CASE. Such fund shall consist of all
premiums or taxes received and paid into the fund and of
property and securities acquired and interest earned
through the use of moneys belonging to the fund. Said