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.
Application estimated verification time: two to five business days.
Application estimated application determination time: 14 to 30 days.
Estimated length of time to complete application: varies based on size and complexity.
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