The Honorable Casper R. Taylor, Jr.
Speaker of the House
Annapolis MD 21401
Dear Mr. Speaker:
In accordance with Article II, Section 17 of the Maryland Constitution, I have today vetoed House Bill 980 - Injured Workers' Insurance Fund - Regulation.
This bill requires the Injured Workers' Insurance Fund (IWIF) to become a member of the Property and Casualty Insurance Guarantee Corporation following an examination by the Maryland Insurance Administration. The bill also increases the number of IWIF board members from seven to nine and specifies that a member may only serve two terms. In addition, the bill makes IWIF subject to periodic examination in specified areas by the Administration.
Senate Bill 881, which was passed by the General Assembly and will be signed by me on May 18, 2000, accomplishes the same purpose. Therefore, it is not necessary for me to sign House Bill 980.
Parris N. Glendening