§ 25–305
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 25-305 (2026)
Title 25. Alternative Market Mechanisms
Subtitle 3. Group Self-Insurance for Workers' Compensation
§ 25–305LinkCopy Citation
(a)
A self-insurance group is not liable for payments to the Property and Casualty Insurance Guaranty Corporation.
(b)
There is a Self-Insurers’ Guaranty Fund.
(c)
The Uninsured Employers’ Fund established under § 10-304 of the Labor and Employment Article shall administer the Self-Insurers’ Guaranty Fund.
(d)
Each self-insurance group shall pay an assessment into the Self-Insurers’ Guaranty Fund at the same level assessed against other workers’ compensation insurers by the Property and Casualty Insurance Guaranty Corporation under Title 9, Subtitle 3 of this article.
(e)
(1)
The Self-Insurers’ Guaranty Fund shall pay any outstanding obligations of a self-insurance group that becomes insolvent.
(2)
If the Self-Insurers’ Guaranty Fund becomes insolvent, any outstanding obligations of an insolvent self-insurance group are a joint and several liability of each member of the self-insurance group.