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MARVIN MANDEL, Governor 2345
employer in a certain amount for certain purposes.
BY repealing and reenacting, with amendments,
Article 101 — Workmen's Compensation
Section 16(3)(a)
Annotated Code of Maryland
(1964 Replacement Volume and 1976 Supplement)
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SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Section 16(3) (a) of Article 101 -
Workmen's Compensation, of the Annotated Code of Maryland
(1964 Replacement Volume and 1976 Supplement) be and it
is hereby repealed and reenacted, with amendments, to
read as follows:
Article 101 — Workmen's Compensation
16.
The employer shall secure compensation to his
employees in one of the following ways:
(3) (a) (I) Any such employer who does not,
with the approval of said Commission, voluntarily insure
the payment 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 Commission may, at any time and from time
to time in its discretion, require the deposit with the
Commission 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 the Commission may require such employer to
obtain and file with the Commission a policy of insurance
protecting said employer against liability 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
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