HARRY HUGHES, Governor

757

request that the insurer show cause why THE INSURER SHOULD NOT BE
SANCTIONED AS SPECIFIED IN ARTICLE 48A, § 55A OF THE COVE its
authority to write workmen's compensation insurance should not be
suspended or revoked] REQUIRE THE INSURER TO SHOW CAUSE WHY THE
COMMISSION SHOULD NOT REQUEST THAT THE INSURANCE COMMISSIONER
SUSPEND OR REVOKE THE AUTHORITY OF THE INSURER TO WRITE WORKMEN'S
COMPENSATION INSURANCE.

(3)  An employer, or, if insured, the employer's
insurance carrier or the State Accident Fund, as the case may be,
shall pay to the Uninsured Employers' Fund an amount equal to 1
percent of all awards rendered against the employer for permanent
disability or death, including awards for disfigurement or
mutilation, and 1 percent of all amounts payable by the employer
(or his insurance carrier or the State Accident Fund) pursuant to
settlement agreements approved by the Commission. The payments
shall be in addition to any payment of compensation to employees
or to their dependents pursuant to the provisions of this
article.

(4)  (i) When the amount of the Fund equals or exceeds
$500,000, further contribution may not be acquired from
employers, insurance carriers, or the State Accident Fund. The
Director thereupon shall so notify each self-insured employer,
each insurance carrier, and the State Accident Fund.

(ii) When the amount of the Fund is reduced
below $250,000 because of payments made pursuant to § 90 of this
article or otherwise, or when the Director determines that
payments likely to be made from the Fund in the next succeeding 3
months will cause the Fund to be reduced below $250,000 the
Director shall notify each self-insured employer, each insurance
carrier, and the State Accident Fund that the contributions are
to be resumed as of a specified date and to continue until the
amount of the Fund again totals $500,000.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1986.

Approved April 29, 1986.