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Uninsured Employers Fund seeks higher assessment after revenue drop; insurers split on level
Summary
The Uninsured Employers Fund director told the committee that collections have fallen and asked for authority to raise the statutory assessment cap. Chesapeake Employers proposed a smaller increase and said accompanying governance reforms would resolve long-term solvency; defenders of existing structure urged caution and oversight changes first.
Michael Burns, director of Maryland's Uninsured Employers Fund (UEF), told the House Economic Matters Committee that the fund has seen a decline in assessment revenue and asked the legislature to authorize an increase in the statutory assessment cap to preserve solvency for injured workers.
Burns said the UEF receives no direct tax dollars and is funded primarily by assessments on workers'compensation orders; those receipts have…
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