Md. Code Regs. 14.09.14.02 - Approval and Review
A. After
considering the application and all supportive data, the Commission shall
either grant approval or advise the trustees of the governmental self-insurers'
group of the requirements to be met before approval is granted. The group shall
be given 30 days from the receipt of the notice in which to comply with the
requirements. The self-insured authority may not become effective until there
is proof that all requirements for self-insured approval have been
met.
B. The group may, at the
discretion of the Commission, be granted additional time to meet the
requirements for the self-insured program. A request for an extension of time
shall be made in writing by the group within the 30-day compliance period. If
the Commission does not receive proof that all requirements for the
self-insured program have been met within the time prescribed, the application
shall be considered withdrawn.
C.
Upon meeting the requirements, the group shall receive a formal certificate
approving its status as a self-insurer. The privilege shall be extended until
denied.
Notes
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