2548

LAWS OF MARYLAND

Ch. 666

disaster, other than from an act of war. If required by the
Commission, the policy of insurance shall be in the amount
and shall contain the provisions as in the judgment of the
Commission are required to provide security for the payment
of compensation and medical treatment. In order to be
informed as to the continued financial responsibility of any
employer the Commission may require reports from him
annually or at any other times as the Commission may deem
necessary or advisable, and may examine the employer under
oath or make other examination of his business as the
Commission may determine. If he should fail to furnish
satisfactory proof, or give bond, or deposit 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, he shall be subject to the
provisions of the first paragraph of this section, and shall
be required by the Commission to insure as provided in the
first paragraph of this section, unless he, at once, insures
voluntarily as provided in the second paragraph of this
section.

(ii) The Commission may assess each
self-insurer OR MEMBER OF A GROUP OF SELF-INSURED COUNTIES
OR MUNICIPALITIES an annual sum of not more than $250 which
shall be used for actuarial studies and audits to determine
the financial solvency.

(iii) For the purpose of this paragraph
"employer" includes groups of employers COUNTIES OR
MUNICIPALITIES as prescribed by rules and regulations of the
Commission [and the Insurance Commissioner].

(iv) The Workmen's Compensation Commission
[and the Insurance Commissioner] shall [jointly] develop
rules and regulations prescribing requirements and
procedures for groups of employers COUNTIES OR
MUNICIPALITIES seeking to establish joint self-insurance
coverage.

(v) A group of employers COUNTIES OR
MUNICIPALITIES may not be self-insured without first
receiving a certificate of authority to do business issued
[jointly] by the Workmen's Compensation Commission [and the
Insurance Commissioner].

(VI) FOR THE PURPOSES OF WORKMEN'S
COMPENSATION, SELF-INSURERS AND GROUPS OF COUNTIES OR
MUNICIPALITIES WHICH ARE SELF-INSURED PURSUANT TO THIS
PARAGRAPH ARE NOT SUBJECT TO THE PROVISIONS OF ARTICLE 48A
OF THE CODE.

SECTION 2. AND BE IT FURTHER ENACTED, That chapter(s)
of the Acts of the General Assembly be repealed, amended, or
enacted to read as follows: