(a)    There is a Joint Committee on Workers’ Compensation Benefit and Insurance Oversight.

(b)    (1)    The Committee consists of 16 members.

(2)    Of the 16 members:

(i)    1.    2 shall be members of the Senate appointed by the President of the Senate; and

2.    2 shall be Delegates appointed by the Speaker of the House of Delegates; and

(ii)    12 shall be appointed jointly by the President and the Speaker as follows:

1.    1 representative of the business community;

2.    1 representative of the Maryland labor organizations;

3.    1 representative of the Maryland building and construction labor organizations;

4.    1 representative of a self–insured local government entity;

5.    2 members of the public;

6.    1 member of the insurance industry;

7.    1 member of the Medical and Chirurgical Faculty of Maryland;

8.    1 member of a workers’ compensation rating organization;

9.    2 members of the Bar of the Court of Appeals of Maryland, 1 of whom represents plaintiffs in workers’ compensation cases and 1 of whom represents defendants in workers’ compensation cases; and

10.    1 member who is certified by the Workers’ Compensation Commission as a Maryland rehabilitation service provider.

(c)    The members of the Committee serve at the pleasure of the presiding officer who appointed them.

(d)    The President and the Speaker shall jointly appoint a Senator and a Delegate each to serve as cochair.

(e)    (1)    The Committee shall examine and evaluate:

(i)    the condition of the workers’ compensation benefit and insurance structure in the State; and

(ii)    the effect of Chapters 590 and 591 of the Laws of Maryland of 1987 on that structure.

(2)    This examination shall include the regulations adopted by the Workers’ Compensation Commission that are to be used by physicians to measure impairment when preparing medical evaluations of claimants.

(f)    The Insurance Commissioner and the Workers’ Compensation Commission shall:

(1)    cooperate fully with the Committee;

(2)    keep the Committee fully informed as to the condition of workers’ compensation benefits and workers’ compensation insurance in the State; and

(3)    submit an annual report, subject to § 2–1257 of this title, to the Committee on or before October 1 of each year that incorporates the information described in item (2) of this subsection.

(g)    The Committee shall report to the Governor and the Legislative Policy Committee on December 31 of each year.