Md. Code Regs. 14.09.14.03

Current through Register Vol. 51, No. 24, December 2, 2024

Section 14.09.14.03 - Members Admission and Termination

A. After the inception date of the fund, prospective new members of the fund shall submit an application for membership to the board of trustees, or its administrator. The trustees or administrator may approve the application for membership pursuant to the bylaws of the governmental group self-insurers' fund. The application for membership shall then be filed with the Commission, and membership shall take effect on the date approval is granted by the Commission.

B. Individual members may elect to terminate their participation in a governmental group self-insurers' program or be subject to cancellation by the governmental group fund pursuant to the bylaws of the fund. However, termination or cancellation may not take place for at least 30 days after notice to the Commission of the termination or cancellation from the governmental group fund.

Amended effective 48:20 Md. R. 890, eff. 10/18/2021