Maryland Code, LABOR AND EMPLOYMENT 9-406
Terms Used In Maryland Code, LABOR AND EMPLOYMENT 9-406
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- including: means includes or including by way of illustration and not by way of limitation. See
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
(1) each condition or fact about security and prompt payment of compensation, including:
(i) the financial strength of the employer;
(ii) the number of covered employees of the employer;
(iii) the degree of hazard for covered employees of the employer;
(iv) the likelihood that several covered employees will be injured or killed in the same accident; and
(v) if the employer wants to use an authorized insurer, the reputation of the authorized insurer for fair and prompt settlement of claims for compensation; and
(2) except for a public service corporation under the jurisdiction of the Public Service Commission, each condition or fact about prevention of accidents, including the relative effect of each method authorized under this subtitle on the employer and covered employees of the employer.