# COMAR Title 31 — Maryland Insurance Administration

## Subtitle 08 — Property and Casualty Insurance

### Chapter 09 — Group Self-Insurance for Workers' Compensation

#### Regulation .05 Minimum Premium Amounts.

*COMAR 31.08.09.05*

A. During a group's first year of operation it shall have an annual premium of at least $500,000, all of which shall have been paid to the group not later than the end of the ninth month of the group's first year of operation.

B. For each year after the first year of operation, the annual premium shall be at least $500,000 unless the Commissioner determines that a greater amount is required based on the Commissioner's examination of the group's annual statement of financial condition.