Maryland Code, LABOR AND EMPLOYMENT 9-1004
Terms Used In Maryland Code, LABOR AND EMPLOYMENT 9-1004
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
(b) If the Fund and the uninsured employer both have paid compensation to or on behalf of a covered employee or the dependents of a covered employee, the Fund shall apply any money that it recovers from a third party:
(1) first, to repayment of the award paid by the Fund;
(2) second, to any unsatisfied demand for security and to assessments imposed against the uninsured employer under this subtitle; and
(3) finally, to the uninsured employer.
(c) If the Fund and the uninsured employer both have paid compensation to or on behalf of a covered employee or the dependents of a covered employee, and the Fund recovers money from a third party exceeding the amount of compensation awarded to the covered employee or the dependents and the reasonable and necessary expenses incurred in making the recovery, the Fund shall:
(1) apportion the excess amount between the covered employee or the dependents and the Fund; and
(2) use the balance to:
(i) first, reimburse the Fund for its reasonable and necessary expenditures in making the recovery;
(ii) second, repay any award paid by the Fund;
(iii) third, satisfy any unsatisfied demand for security or assessments imposed against the uninsured employer under this subtitle; and
(iv) finally, return the remainder to the uninsured employer.