The Injured Workers' Insurance Fund (IWIF) has posted a summary of legislation signed into law this year that included IWIF's conversion to a private carrier in 2013.Senate Bill 745 converts IWIF to Chesapeake Employers' Insurance Co. effective on Oct. 1, 2013. The bill was passed in conjunction with budget legislation that transferred $50 million in IWIF surplus to the state general revenue fund. Chesapeake would be immune from future state budget raids but would continue to serve as Maryland's workers' compensation carrier of last resort.House Bill 1017 created a task for...
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