MD HB193

Increases the Fund balance threshold for suspending assessments from $5,000,000 to $10,000,000, and raises the threshold for resuming assessments from $3,000,000 to $8,000,000

Raises the maximum additional assessment the Board may direct on awards and settlements from 1% to 1.5% when Fund reserves are inadequate to meet anticipated losses

Requires the Workers' Compensation Commission to designate a special monitor to assess the Fund's financial condition, including reserve setting and third-party administrator practices

Special monitor must submit an interim report by December 1, 2025 and a final report by June 1, 2026 to the Senate Finance Committee and House Economic Matters Committee

Allocates $100,000 from the Fund for the special monitor, with the monitoring period ending on or before June 30, 2026