§ 9-1011. Suspension and resumption of assessments

   (a) Suspension of assessments. --

   (1) When the amount of the Fund equals at least $ 5,000,000, the payment of assessments by employers and insurers is suspended.

   (2) The Director shall notify each self-insured employer and insurer of the suspension of the payment of assessments under paragraph (1) of this subsection.

(b) Resumption of assessments. --

   (1) Payment of assessments shall be resumed if:

      (i) the amount of the Fund becomes less than $ 3,000,000 because of payments made under § 9-1002 of this subtitle or other payments; or

      (ii) the Director determines that payments that are likely to be made from the Fund in the next 3 months will reduce the amount of the Fund to less than $ 3,000,000.

   (2) When payment of assessments is to be resumed under paragraph (1) of this subsection, the Director shall notify each self-insured employer and insurer that payment of assessments is to:

      (i) resume on a specified date; and

      (ii) continue until the amount of the Fund becomes at least $ 5,000,000.

HISTORY: An. Code 1957, art. 101, § 91; 1991, ch. 8, § 2; 1999, ch. 316.