NU Online News Service, May 24, 2:22 p.m. EDT

Maryland state officials will no longer be able to dip into the state's workers' compensation fund beginning next year after legislation was signed into law changing the status of the fund to a non-profit corporation.

Beginning Oct 1, 2013, the Injured Workers' Insurance Fund will change its name to Chesapeake Employers' Insurance Co. and become a non-profit corporation providing workers' comp insurance to Maryland employees as it has in the past, the IWIF says in a statement.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.