Suspension and resumption of assessments

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    (a)    (1)    When the amount of the Fund equals at least $5,000,000, the payment of assessments by employers and insurers is suspended.

        (2)    The Director shall notify each self-insured employer and insurer of the suspension of the payment of assessments under paragraph (1) of this subsection.

    (b)    (1)    Payment of assessments shall be resumed if:

            (i)    the amount of the Fund becomes less than $3,000,000 because of payments made under § 9-1002 of this subtitle or other payments; or

            (ii)    the Director determines that payments that are likely to be made from the Fund in the next 3 months will reduce the amount of the Fund to less than $3,000,000.

        (2)    When payment of assessments is to be resumed under paragraph (1) of this subsection, the Director shall notify each self-insured employer and insurer that payment of assessments is to:

            (i)    resume on a specified date; and

            (ii)    continue until the amount of the Fund becomes at least $5,000,000.


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