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HARRY HUGHES, Governor 1839
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[(e)] (G) (1) If the [Commission] DIRECTOR determines that
payment of compensation awarded or likely to be awarded against
an insured or self-insured employer is not awarded or is abated
because of death or lack of a claimant eligible for the
compensation, the [Commission] DIRECTOR shall levy against the
award an assessment to supplement the [fund] FUND. The
assessment shall be equal to 10 percent of the amount of
compensation awarded or likely to be awarded and unpaid, but in
no case shall the assessment exceed $4,500.
(2) If an employee dies as a result of an accidental
injury or occupational disease that arises out of and in the
course of his employment and without any surviving dependent, the
[Commission] DIRECTOR on expiration of the time period within
which a claim may be filed under this article, shall assess the
insurer or self-insured employee $4,500.
(3) This subsection does not apply to any award
against the Subsequent Injury Fund.
92.
(a) The State Treasurer shall be the custodian of the
[fund] FUND and shall invest any surplus moneys thereof in
securities which constitute legal investments for savings banks
under the laws of this State and in interest-bearing certificates
of deposit of a bank or trust company located and authorized to
do business in this State or of a national bank located in this
State secured by a pledge of direct obligations of the United
States or of the State of Maryland in an amount equal to the
amount of such certificates of deposit, and may sell any of the
securities or certificates of deposit in which such [fund] FUND
is invested, if necessary for the proper administration or in the
best interest of such [fund] FUND. Disbursements from [such
fund] THE FUND as provided by this section shall be paid by the
Treasurer upon vouchers signed by the [chairman of the
Commission] DIRECTOR OF THE UNINSURED EMPLOYERS' FUND BOARD.
(b) The Treasurer, as custodian of [such fund, as soon as
practicable after January 15, 1969 and annually thereafter,] THE
FUND, shall ANNUALLY furnish to the [Commission] DIRECTOR a
statement of the [fund,] FUND setting forth the balance of moneys
in the [fund] FUND as of the time of the preceding statement, the
income of the [fund] FUND, a summary of payments out of the
[fund] FUND on account of compensation ordered to be paid
therefrom by the Treasurer, medical and other expenses, and all
other charges against the [fund] FUND in the interim and setting
forth the balance of the [fund] FUND remaining to its credit as
of the end of the period being reported. Such statement shall be
open to public inspection in the office of the [Commission]
DIRECTOR.
93.
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