{"data":{"id":"us-md/md.-code-insurance-25-303","jurisdiction":"us-md","citation":"Md. Code, Insurance § 25–303","heading":"","body":"(a) In this section, “service company” means a person that provides services that are not provided by the administrator, including:\n(1) claims adjustment;\n(2) safety engineering;\n(3) compilation of statistics and the preparation of premium, loss, and tax reports;\n(4) preparation of other required self-insurance reports;\n(5) development of members’ assessments and fees; and\n(6) administration of a claim fund.\n(b) The Commissioner shall adopt regulations to carry out this subtitle.\n(c) The regulations shall include:\n(1) classifications of businesses and industries, based on the type of activity conducted by the business or industry, within which employers may join together in self-insurance groups;\n(2) for each classification:\n(i) a minimum level of contribution of at least $250,000 in premiums collected from or pledged by members of a self-insurance group to a fund from which workers’ compensation claims will be paid;\n(ii) a minimum level of excess insurance coverage that must be obtained by each self-insurance group;\n(iii) a requirement that the minimum levels of excess insurance adopted under this subtitle may be satisfied by placing, in a depository that the Commissioner designates, securities in a form and amount that the Commissioner requires; and\n(iv) a surety bond of at least $100,000 that must be obtained by each self-insurance group;\n(3) conditions under which contributions by members of a self-insurance group may be rebated or temporarily suspended;\n(4) for each administrator or service company, a bond that the Commissioner may require in addition to any other required bond; and\n(5) a requirement that the governance of the group be under the control of its members.","path":["Article - Insurance"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gin\u0026section=25-303","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:59:28Z","sha256":"349b60cec7a5a966d1af7d27cdef67511c3a8496e07aa28a5e964d33be1be933","source_id":"us-md","stale":false,"prev":"us-md/md.-code-insurance-25-302","next":"us-md/md.-code-insurance-25-304"},"notice":"GroundRules: Original legal text. Not legal advice."}