(a) (1) If the Director considers compromise to be in the best interest of the Fund, the Director may compromise the amount of a judgment against an employer under this subtitle.

(2) A compromise under paragraph (1) is not required to be approved by any other State official to be effective.

(b) A compromise under this section may not reduce the amount of benefits payable to or for a covered employee or the dependents of a covered employee.

(c) A judgment may be modified to reflect a compromise under this section.