WILLIAM DONALD SCHAEFER, Governor                    Ch. 645

BY THE TREASURER, MEDICAL AND OTHER EXPENSES, AND ALL OTHER
CHARGES AGAINST THE FUND IN THE INTERIM AND SETTING FORTH THE
BALANCE OF THE FUND REMAINING TO ITS CREDIT AS OF THE END OF THE
PERIOD BEING REPORTED. THIS STATEMENT IS OPEN TO THE PUBLIC
INSPECTION IN THE OFFICE OF THE DIRECTOR.

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article 101 - Workmen's Compensation

16.

The employer shall secure compensation to his employees in
one of the following ways:

(1) By insuring and keeping insured the payments of
such compensation in the State Accident Fund[, or];

(2) By insuring and keeping insured the payments of
such compensation with any stock corporation or mutual
association authorized to transact the business of workmen's
compensation insurance in this State;

(3) BY PARTICIPATING IN A SELF-INSURANCE GROUP THAT
MEETS THE REQUIREMENTS OF ARTICLE 48A, SUBTITLE 44 OF THE CODE;
OR

(4) BY OBTAINING APPROVAL TO SELF-INSURE PURSUANT TO
§ 16A OF THIS ARTICLE.

16A.

[(3) (a) (i)] (A) (1) Any employer who does not, with the
approval of the Commission, voluntarily insure the payment of the
compensation by one of the methods designated in [the preceding
paragraphs of this section,] § 16(1), (2), OR (3) OF THIS ARTICLE
must furnish satisfactory proof to the Commission of his
financial ability to pay the compensation himself, in which case
the Commission may, at any time and from time to time in its
discretion, require the deposit with the Commission of securities
as are accepted by the Circuit Court for Baltimore City for the
investment of trust funds and in an amount or amounts to be
determined by the Commission, to secure the liability of the
employer to pay the compensation specified in this article. The
Commission may require the employer to obtain and file with the
Commission a policy of insurance protecting the employer against
liability for workmen's compensation benefits resulting from a
catastrophe or 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

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