Md. Code Ann., Lab. & Empl. § 10-105
Redline — January 1, 2020 → current.View current text →
Current — January 1, 2021
As of January 1, 2020
(a) (1) There is a Board for the Injured Workers’ Insurance Fund.
(a) (1) There is a Board for the Injured Workers’ Insurance Fund.
(2) The Board shall manage the business and affairs of the Fund as an instrumentality of the State in accordance with State law.
(2) The Board shall manage the business and affairs of the Fund as an instrumentality of the State in accordance with State law.
(b) The Board is the Board for the Company established under Title 24, Subtitle 3 of the Insurance Article.
(c) Members of the Board that were appointed to the Board as of October 1, 2012, shall:
(1) continue to serve their current terms on the Board; and
(2) serve on the Board for the Company under the same terms and conditions as if they were appointed to the Board for the Company under Title 24, Subtitle 3 of the Insurance Article.
(b) (1) The Board consists of the following members:
(i) the State Treasurer, or the State Treasurer’s designee; and
(ii) the two members appointed to the Board for the Company by the Governor in accordance with § 24–307(b)(1)(i) of the Insurance Article.
(2) The terms of the members of the Board described under paragraph (1)(ii) of this subsection are the same as the members’ terms on the Board for the Company.
(c) The Board shall adopt rules, bylaws, policies, and procedures to carry out this subtitle.
Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.