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PARRIS N. GLENDENING, Governor
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H.B. 980
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statutory audit conducted by the Legislative Auditor; repealing the requirement
that the Legislative Auditor submit the results of each auditor to the Governor
and to the Legislative Policy Committee; repealing the requirement that the
Legislative Auditor submit the results of the market conduct survey to the
Legislative Policy Committee; requiring the Fund to be governed by and subject
to certain regulatory provisions of the Maryland Insurance Administration
requiring the Fund to be examined in accordance with provisions of the
Insurance Article relating to the examination of an insurer's affairs,
transactions, accounts, records, and assets; requiring the Fund to be subject to
certain regulatory provisions of the Insurance Article; prohibiting the Insurance
Commissioner from taking a certain action except under certain circumstances;
allowing the Insurance Commissioner to examine or review the Fund for
compliance with certain laws; requiring the Insurance Commissioner to report to
the Board on the results of a certain examination or review; requiring the
Insurance Commissioner to ensure that the Fund meet meets certain solvency
standards before the Fund may become a member of a certain corporation;
providing that a certain service does not count toward a certain term limitation;
defining certain terms; and generally relating to the Injured Workers' Insurance
Fund.
BY repealing and reenacting, with amendments,
Article - Labor and Employment
Section 10-101, 10-105, 10-110, and 10-113 10-118, and 10-122
Section 10-101, 10-105, 10-110, 10-112, 10-113(a), 10-118, 10-122, and 10-125
Annotated Code of Maryland
(1999 Replacement Volume)
BY repealing
Article - Labor and Employment
Section 10-119, 10-124, and 10-125
Section 10-119 and 10-124
Annotated Code of Maryland
(1999 Replacement Volume)
BY adding to
Article—Labor and Employment
Section 10-125
Annotated Code of Maryland
(1999 Replacement Volume)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Labor and Employment
10-101.
(a) In this subtitle the following words have the meanings indicated.
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- 4705 -
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