§ 9-403. Approval of self-insurance plan

   (a) Required. -- An employer who wishes to self-insure under § 9-402(a)(4) of this subtitle and a governmental self-insurance group that wishes to establish joint self-insurance coverage under § 9-402(a)(2) of this subtitle shall get the approval of the Commission for the self-insurance plan of the employer or governmental self-insurance group.

(b) Application. -- To get the approval of the Commission for a self-insurance plan, an employer or a governmental self-insurance group shall apply to the Commission.

(c) Determination by Commission. -- The Commission may approve or deny the use of a self-insurance plan by an employer or a governmental self-insurance group.

(d) Application after denial. -- If the Commission denies the use of a self-insurance plan by an employer or governmental self-insurance group, the employer or governmental self-insurance group may apply to the Commission for approval to use another self-insurance plan.

(e) Revocation or modification of approval. -- The Commission may revoke or modify its approval for use of a self-insurance plan if the Commission determines that revoking or modifying approval is reasonably necessary:

   (1) to secure compensation; or

   (2) except for a public service corporation under the jurisdiction of the Public Service Commission, to prevent or otherwise to reduce accidents.

HISTORY: An. Code 1957, art. 101, § 16A; 1991, ch. 8, § 2; 2013, ch. 43, § 5.