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H.B. 980 VETOES
(b) If the Board considers it expedient or necessary to use money invested
under subsection (a)(1) of this section, the State Treasurer shall collect, sell, or
otherwise realize an investment].
[10-124.
The State Treasurer shall disburse money from the Fund only on a voucher that
is signed by:
(1) the Chairman or Vice Chairman of the Board; and
(2) the President of the Fund.]
[10-125.
(a) (1) The Legislative Auditor shall conduct:
(i) a fiscal audit of the accounts and transactions of the Fund each
year;
(ii) a compliance audit of the accounts and transactions of the Fund
every 2 years; and
(iii) a statutory audit of the Fund at least every 3 years in a manner
recognized and required by the Legislative Auditor.
(2) As part of the statutory audit, the Legislative Auditor shall perform a
market conduct survey about the operations of the Fund, including a review of:
(i) the average caseload of the Fund's attorneys;
(ii) the average length of time to process a claim;
(iii) each complaint submitted during the calendar year before the
survey, the nature of the complaint, and the resolution of the complaint;
(iv) the percentage of claims contested before the Workers'
Compensation Commission; and
(v) whether the Fund unfairly discriminates or allows unfair
discrimination between individuals of the same class and essentially the same hazard level:
1. in the terms or conditions of an insurance policy;
2. in premiums, charged; or
3. except as provided under the Fund's experience
modification and premium discount plan, in any other manner.
(3) As soon as possible, the Legislative Auditor shall submit the results of:
(i) each audit to the Governor and, subject to § 2-1246 of the State
Government Article, to the Legislative Policy Committee; and
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