The Commissioner may not grant the request of any group to terminate its certificate of authority until the group has insured or reinsured all incurred workers' compensation obligations, including both known claims and expenses associated with them, with an authorized insurer under an agreement filed with and approved in writing by the Commissioner.

Authority: Insurance Article, §§2-108, 2-109, 9-102, Title 25, Subtitle 3, and 27-501, Annotated Code of Maryland

Effective date: December 26, 1988 (15:26 Md. R. 2982)

Chapter recodified from COMAR 09.30.73 to COMAR 31.08.09 effective September 7, 1998 (25:18 Md. R. 1439)

Regulation .04 amended as an emergency provision effective October 28, 2002 (29:23 Md. R. 1809); amended permanently effective February 3, 2003 (30:2 Md. R. 76)

Regulation .05A, B amended as an emergency provision effective October 28, 2002 (29:23 Md. R. 1809); amended permanently effective February 3, 2003 (30:2 Md. R. 76)

Regulation .06A amended as an emergency provision effective October 28, 2002 (29:23 Md. R. 1809); amended permanently effective February 3, 2003 (30:2 Md. R. 76)

Chapter revised effective June 30, 2008 (35:13 Md. R. 1182)

Regulation .06A amended effective January 1, 2018 (44:4 Md. R. 256)

Regulation .07 amended effective January 1, 2018 (44:4 Md. R. 256)

Regulation .08 amended effective January 1, 2018 (44:4 Md. R. 256)

Regulation .13 amended effective January 1, 2018 (44:4 Md. R. 256)

Regulation .14A amended effective January 1, 2018 (44:4 Md. R. 256)

Regulation .14D adopted effective January 1, 2018 (44:4 Md. R. 256)