HOUSE BILL NO. 212
AN ACT TO AMEND CHAPTER 23, TITLE 19 OF THE DELAWARE CODE TO INCREASE THE AMOUNT PAID BY INSURANCE CARRIERS AND EMPLOYERS WHO ARE SELF-INSURERS INTO THE INDUSTRIAL ACCIDENT BOARD SECOND INJURY AND CONTINGENCY FUND.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:
Section 1. Amend §2397, Chapter 23, Title 19 of the Delaware Code, by striking said section 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 $750,000. no further payments into the Fund shall be required, but whenever, thereafter, the amount of such Fund is reduced below $250,000 by reason of payments out in accordance with §2396 of this Title, then payments to such Fund shall be resumed forthwith and continue until such Fund again amounts to $750.000."
Approved March 27, 1984.