Maryland Code, LABOR AND EMPLOYMENT 9-1006
Terms Used In Maryland Code, LABOR AND EMPLOYMENT 9-1006
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(1) the insurer fails to comply with the requirements of the Commission about certification of insurance with the Commission; and
(2) the Commission finds that the Fund or the Commission was required to investigate or attend a hearing to determine whether an employer has insurance.
(b) The Commission may assess the insurer an additional $300 for each subsequent failure to comply with the insurance certification requirements of the Commission.
(c) The Commission shall direct payment of an assessment under subsection (a) or (b) of this section into the Fund.
(d) If an insurer fails to comply with the insurance certification requirements of the Commissioner 5 times in a fiscal year, the Commission may:
(1) notify the Insurance Commissioner; and
(2) request that the insurer show cause why the Insurance Commissioner should not impose sanctions under § 4-113(d) of the Insurance Article.