WILLIAM DONALD SCHAEFER, Governor                   Ch. 590

competent jurisdiction, the invalidity does not affect other
provisions or any other application of this Act which can be
given effect without the invalid provision or application, and
for this purpose the provisions of this Act are declared
severable.

SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1987.

Approved May 14, 1987.

CHAPTER 590
(House Bill 238)

AN ACT concerning

Workers' Compensation Insurance
Regulation of Competitive Rating

FOR the purpose of establishing competitive rating for workers'
compensation insurance under certain circumstances;
providing for certain conditions for implementation of prior
approval of certain filed rates; requiring the collection
and reporting of certain data relating to liability
insurance; requiring that the Insurance Commissioner submit
the collected data, report certain findings, and make
certain recommendations to the Governor and the Maryland
General Assembly at a certain time; defining certain terms;
creating a Workers' Compensation Benefit and Insurance
Oversight Committee; providing for the membership, duties,
and powers of the Oversight Committee; providing that the
Insurance Commissioner and the Workmen's Compensation
Commission must cooperate fully with the Oversight
Committee; providing that the provisions of this Act are
severable; requiring workers' compensation insurers to
adhere to a uniform classification system and uniform
experience rating plan; permitting an insurer to develop
subclassifications in certain cases; requiring workers'
compensation insurers to record and report certain workers'
compensation experience; requiring a rating organization to
develop and file certain rules; prohibiting insurers from
agreeing with other insurers to adhere to certain rules;
specifying the contents of an experience rating plan;
permitting insurers to file rating plans providing for
retrospective premium adjustments; providing the dates for
the initial filing of certain reports; providing for the
effective dates of this Act; altering the termination dates
of certain other Acts; requiring the State Accident Fund to

- 2667 -