HARRY HUGHES, Governor                                      3307

actuarial studies and audits to determine the financial solvency.

(iii) For the purpose of this paragraph
"employer" includes a group of counties, a group of
municipalities, or a group composed of both counties and
municipalities as prescribed by rules and regulations of the
Commission.

(iv) 1. The Workmen's Compensation Commission
shall develop rules and regulations prescribing requirements and
procedures for groups of counties, groups of municipalities, or
groups composed of both counties and municipalities seeking to
establish joint self-insurance coverage. However, to qualify as
a group for purposes of this section a group must prove to the
satisfaction of the Commission that it would receive annual gross
premiums in an amount of not less than $250,000.

2.  The Workmen's Compensation Commission
shall provide for advance premium discounts that are competitive
with private insurance advance premium discounts.

3.  A group that qualifies under the
provisions of this subparagraph shall obtain excess insurance in
amounts prescribed by the Workmen's Compensation Commission.

(v) A group of counties, 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, 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.

(vii) For the purposes of this subsection, with
the approval of its county governing body a county board of
education shall be considered a county or municipality.

(b) Any employer, subject to the provisions of this
article, who, after November 1st, nineteen hundred and fourteen,
fails or refuses to submit to said Commission, as provided in the
next succeeding paragraphs, the method he desires to adopt for
assuring compensation, or who shall fail to secure insurance by
one of such methods or who fails to pay compensation to an
injured employee, or in case of death, his dependents, in
accordance with the award of the Commission, shall be guilty of a
misdemeanor, and shall be subject to a fine of not less than five
hundred nor more than five thousand dollars or by imprisonment
for not more than one year, or by both such fine or imprisonment;
and in any case where the employer is a corporation, the officer
of the corporation having responsibility for the general
management of the corporation in the State shall be liable to