HOUSE BILL 21

File Code: Workers' Compensation Prior Year Introduction As: HB 843/99 - ECM

Sponsored By:

Delegate Kittleman

Entitled:

Injured Workers' Insurance Fund - Regulation by Maryland Insurance Administration and Payment of Premium Taxes

Synopsis:

Requiring that the Injured Workers' Insurance Fund (IWIF) be treated as an insurer and be made subject to regulation by the Maryland Insurance Administration as a mutual property and casualty insurer and as a workers' compensation insurer; requiring that IWIF pay the premium tax; requiring that IWIF become a member of the Property and Casualty Insurance Guaranty Corporation; repealing specified exceptions for IWIF under prior approval rate setting and competitive rating; etc.

History by Legislative Date

House Action

09/13

Pre-filed

1/12

First Reading Economic Matters

2/16

Hearing 3/2 at 1:00 p.m.

3/13

Unfavorable Report by Economic Matters

Senate Action

No Action

Bill indexed under the following Subjects:

AUDITORS AND AUDITS

INSURANCE ADMINISTRATION

INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS

PRICES -see also- CONSUMER PRICE INDEX

REPORTS

REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.

RULES AND REGULATIONS

WORKERS' COMPENSATION

Bill affects the following Statutes:

Insurance

( 1-204 , 6-101 , 9-301 , 11-202 , 11-303 )

Labor and Employment

( 10-105 , 10-125 , 10-126 , 10-130 , 10-132 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered