MD SB219

Increases the maximum additional assessment the Uninsured Employers' Fund Board may direct on workers' compensation awards and settlements from 1% to 1.5% when Fund reserves are inadequate to meet anticipated losses

Raises the Fund balance threshold for suspending employer/insurer assessments from $5,000,000 to $10,000,000, and the resumption threshold from $3,000,000 to $8,000,000

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, for up to one year ending June 30, 2026

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 with recommendations for legislative or regulatory changes

Allocates $100,000 from the Fund to pay the special monitor at a rate commensurate with retired judges who hear Commission cases