Uninsured Employers' Fund - Assessments and Special Monitor

HB 193 modifies Maryland's Uninsured Employers' Fund by increasing the additional assessment rate on workers' compensation awards and settlements from 1% to 2% when the Fund's reserves are deemed inadequate. This applies to employers or their insurers, with specific exclusions for certain medical benefits in settlements (e.g., payments over $50,000 directly to insurers or third-party administrators controlling medical payments). The bill also maintains provisions holding corporate officers or LLC members personally liable for assessments if they knowingly failed to secure workers' compensation insurance. The changes take effect July 1, 2025, and apply to all relevant awards and settlements processed by the Workers’ Compensation Commission.