2902                                       LAWS OF MARYLAND                                    Ch. 410

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 A GROUP OF 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 A GROUP of counties or GROUPS ,__A

GROUP OF municipalities , OR A GROUP COMPOSED OF BOTH
COUNTIES AND MUNICIPALITIES as prescribed by rules and
regulations of the Commission.

(iv) The Workmen's Compensation Commission
shall develop rules and regulations prescribing requirements
and procedures for groups of counties or , GROUPS OF
municipalities OR GROUPS COMPOSED OF BOTH COUNTIES AND
MUNICIPALITIES seeking to establish joint self-insurance
coverage.

(v) A group of counties or , A GROUP OF
municipalities , OR A GROUP COMPOSED OF BOTH COUNTIES AND
MUNICIPALITIES may not be self-insured without first
receiving a certificate of authority to do business issued
by the Workmen's Compensation Commission.

(vi) For the purposes of workmen's
compensation, self-insurers and groups of counties or ,
GROUPS OF municipalities , OR GROUPS COMPOSED OF BOTH
COUNTIES AND MUNICIPALITIES which are self-insured pursuant
to this paragraph are not subject to the provisions of
Article 48A of the Code.