Workers' Compensation Insurance funds (Injured Workers' Insurance Fund; incl. 25-301)

What this document is

Maryland Insurance Article Title 25 - Workers' Compensation Insurance funds (Injured Workers' Insurance Fund; incl. 25-301) is a state statute published by Maryland General Assembly, Department of Legislative Services (mgaleg.maryland.gov). It is one of the Maryland documents that insurance license exam questions are written from, including maryland property & casualty practice questions. This page summarizes it and points to the official version, which is the text to rely on.

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Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• Md. Code Ann., Ins. § 25-303(c)(2)(iv) (Self-Insurance Group Regulations; Surety Bond)

  “(2) for each classification: (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; (ii) a minimum level of excess insurance coverage that must be obtained by...”

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