Md. Code Regs. 14.09.14.03 - Members Admission and Termination
A. After the inception date of the fund,
prospective new members of the fund shall submit an application for membership
to the board of trustees, or its administrator. The trustees or administrator
may approve the application for membership pursuant to the bylaws of the
governmental group self-insurers' fund. The application for membership shall
then be filed with the Commission, and membership shall take effect on the date
approval is granted by the Commission.
B. Individual members may elect to terminate
their participation in a governmental group self-insurers' program or be
subject to cancellation by the governmental group fund pursuant to the bylaws
of the fund. However, termination or cancellation may not take place for at
least 30 days after notice to the Commission of the termination or cancellation
from the governmental group fund.
Notes
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