CHAPTER 554

FORMERLY

SENATE BILL NO. 639

AS AMENDED BY HOUSE AMENDMENT NO. 1

AN ACT TO AMEND TITLE 19, DELAWARE CODE, BY RAISING THE PERCENTAGE OF PREMIUMS TO BE PAID BY INSURANCE COMPANIES AND SELF-INSURERS INTO THE SECOND INJURY AND CONTINGENCY FUND.

Be it enacted by the General Assembly of the State of Delaware:

Section 1. Amend Section 2395 (a), Chapter 23, Title 19 of the Delaware Code, by striking the words "one half of one percent" as they appear therein and inserting in lieu thereof the words "one percent".

Section 2. Amend Section 2395 (b), Chapter 23, Title 19 of the Delaware Code, by striking the words "one half of one percent" as they appear therein and inserting in lieu thereof the words "one percent".

Section 3. Amend Section 2397, Chapter 23, Title 19 of the Delaware Code, by striking it in its entirety and inserting in lieu thereof the following:

§2397. Limitation of second injury and contingency fund cessation and resumption of payments

When the total amount of payments made by insurance carriers and/or employers who are self-insurers into the 'Industrial Accident Board Second Injury and Contingency Fund' equals or exceeds $85,000 no further payments to the Fund shall be required; but whenever, thereafter, the amount of such Fund is reduced below $35,000 by reason of payments out in accordance with the provisions of Section 2396 of this title, then payments to such Fund shall be resumed forthwith and shall continue until such Fund again amounts to $85,000.

Approved July 26, 1974.