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Memorandum Of Understanding Form. This is a Maryland form and can be use in Financial Reporting Workers Compensation.
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Tags: Memorandum Of Understanding, A-09, Maryland Workers Compensation, Financial Reporting
COURT
COUNTY .OF. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
......... ..
:
Index No.
MEMORANDUM OF UNDERSTANDING
:
Calendar No.
This is a Memorandum of Understanding between:
Plaintiff(s)
:
JUDICIAL SUBPOENA
-against:
(Employer), and the Maryland Workers’ Compensation Commission (Commission). The
Employer has applied for the privilege of self- insuring its obligations under the Maryland
:
Workers’ Compensation Law Section 9- 405 (Labor and Employment Article) and the
Commission has approved the application contingent upon : Employer posting security in
the
the amount of $
. The Employer wishes to meet this security requirement
by posting an Irrevocable Letter of Credit (Letter of Credit) :issued or confirmed by:
Defendant(s)
......................................................
,
which is a Maryland chartered financial instit ution or federally chartered financial institution
with a Maryland office. The Commission and the Employer agree to the following:
THE PEOPLE OF THE STATE OF NEW YORK
1.
TO
2.
The Letter of Credit is being furnished to the Commission in lieu of a surety bond, book
entry or other security to meet one of the conditions established by the Commission for
the Employer to self- insure.
Expiration or cancellation of the Letter of Credit is effective sixty (60) days after the
GREETINGS:
Commission has received written notice by registered mail of the cancellation.
WE COMMAND YOU, that all that the Letter of Credit islaid aside, you and each of you attend before
3.
If the Commission is notified business and excuses being being canceled or will not be
,
the Honorable
at the
Court
renewed and a new letter of credit or other form of security deposit acceptable to the
located at
County of
Commission is not filed with the Commission, the Commission may, at its discretion,
in room
, on the
day of
, 20
, at
o'clock in the
noon, and at any recessed
draw on the Letter of Credit.
or adjourned date, to testify and give evidence as a witness in this action on the part of the
4.
The Commission, may, at any time, draw on the Letter of Credit if needed to pay any
workers’ compensation claim and claims administration expense which are the
Your failure to complySelf-Insurer.
responsibility of the with this subpoena is punishable as a contempt of court and will make you liable to
the party on whose behalf this subpoena was issued for a maximum penalty of $50 and all damages sustained as a
result of your proceeds comply.on the Letter of Credit shall be deposited with the State Treasurer and
5.
All failure to drawn
a Trust shall be established to pay the obligations of the Self-Insurer under Maryland
Witness, Compensation Law.
, one of the Justices of the
Workers Honorable
Court in
6.
County,
day of
, 20
If the Letter of Credit Issuer is a Financial Institution whose financial standing according
to Weiss Ratings Inc. falls below a B- , the Self- Insurer herein must replace the Financial
Institution with another company with an B- or above rating within 60and typeof below)
(Attorney must sign above days name
notification by the Commission. If the Self-Insurer herein has discontinued making
payments and responsibility for the payment of claims has been transferred to a
Commission designated third party and the Financial Institution’s Weiss Ratings falls
Attorney(s) for
below B-, the Commission at its sole discretion may demand that the full amount of the
Letter of Credit, shall be placed in a Maryland depository in the name of the Maryland
Workers’ Compensation Commission, for the use and benefit of all employees of the
Self-Insurer herein and persons who may be entitled to compensation, medical, surgical
Office and P.O. Address
and other services and funeral expenses under the Workers’ Compensation Law of the
State of Maryland. The Commission will release all unspent Letter of Credit funds back
to the Financial Institution after determination that all workers’ compensation liabilities
Telephone No.:
of the Self-Insurer herein while self- insured have been satisfied
Facsimile No.:
E-Mail Address:
Mobile Tel. No.:
WCC Form A-09 (703)
Page 1 of 2
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COURT
COUNTY .OF. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
......... ..
:
7.
Index No.
:
Calendar
The Letter of Credit and this Memorandum of Understanding shall No.governed by the
be
laws of Maryland and subject to the Uniform Customs & Practice for Documentary
:
JUDICIAL SUBPOENA
Plaintiff(s)
Credits, 1993 Revision, ICC Publication Number 500. Any action with respect to the
-againstLetter of Credit shall be brought in Maryland and the Self- Insurer shall consent to the
:
court’s personal jurisdiction over the Employer.
:
8.
In the event that the employer’s self- insurance status is terminated, the Irrevocable Letter
:
of Credit is demanded and responsibility for payment of claims is transferred to a third
party administrator by Order of the Commission, the employer shall immediately release
Defendant(s)
:
. . . . . . . . all. workers’. compensation .files. and .reports. including indemnity and medical case records
.. ....... ............ ... ... ..... ........
and files, related records on paid, incurred, case reserve and IBNR estimates and other
reports required by the designated third party administrator.
THE PEOPLE OF THE STATE OF NEW YORK
9.
TO
In this Memorandum of Understanding, “Employer” means the following entities, which
have been approved to self- insure in Maryland (parent and subsidiaries):
GREETINGS:
WE COMMAND YOU, that all business and excuses being laid the name of the each of the attend
(If required, please attach a page listing additional subsidiaries, including aside, you and par ent atyou top.) before
,
the Honorable
at the
Court
10.
Understanding is effective on:
County ofThis Memorandum of located at
in room
, on the
day of
, 20
, at
o'clock in the
noon, and at any recessed
orSignature:
adjourned date, to testify and give evidence as a witness in this action on the part of the
Employer
Your failure to comply
Representative of Employer with this subpoena is punishable as a contempt of court and will make you liable to
the party on whose behalf this subpoena was issued for a maximum penalty of $50 and all damages sustained as a
result of your failure to comply.
Title
Date
Court in
Witness, Honorable
County,
, one of the Justices of the
day of
, 20
Signature:
(Attorney must sign above and type name below)
Representative of the Commission
Title
Attorney(s) for
Date
Office and P.O. Address
Form A-08: Letter of Credit. This form should be filed concurrently with the Irrevocable Letter
of Credit at the Maryland Workers’ Compensation Commission, Insurance Division, 10 E.
Telephone No.:
Baltimore Street, Baltimore, Md. 21202. The Letter of Credit will not be accepted without the
Facsimile No.:
accompanying Memorandum of Understanding.
E-Mail Address:
Mobile Tel. No.:
WCC Form A-09 (703)
Page 2 of 2
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