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Lawmakers debate UEF solvency bills as insurers and fund oppose changes to board makeup
Summary
Sen. Bridal and insurers presented bills to shore up the Uninsured Employers Fund with a 0.5% assessment increase, board composition changes and operational clarifications; UEF leadership opposed altering the board balance of labor and management representation.
Sen. Pamela Bridal introduced a package of measures aimed at stabilizing the Maryland Uninsured Employers Fund (UEF) and improving its governance. Senate Bill 695 would expand the UEF board from three to five members and specify experience requirements (property/casualty and finance expertise), impose reserve requirements, and add oversight language. Senate Bill 219 increases the assessment on insured employers by 0.5 percentage points (bringing the total assessment to 1.5%) to replenish UEF reserves. Senate Bill 227 makes administrative changes…
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