Filing Requirements for Group Self Insurers for Workers' Compensation
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In accordance with Section 6-203 of Insurance Article of the Annotated Code of Maryland, and Code of Maryland Regulations 31.08.09, companies desiring to be eligible as Group Self-Insurers for Workers’ Compensation are required to annually file with the Maryland Insurance Administration the following:
-
Certificate of Authority Renewal.
- Most recent audited financial statement showing combined net assets of at least $1,000,000.
- Notification of changes in any information previously submitted to the Maryland Insurance Administration.
- Annual Filing fee of $25 (non-refundable), $500 examination fee, and $1,000 Fraud Fee Assessment, made payable to the
Maryland Insurance Administration.
Filings and fees must be received on or before June 20.
If you have any questions, contact Company Licensing at:
Maryland Insurance Administration
Company Licensing Unit
Phone: 410-468-2104
Fax: 410-468-2112
Documents and fees should be submitted to:
Maryland Insurance Administration
Company Licensing
200 St. Paul Place, Suite 2700
Baltimore, MD 21202