# Subtitle 12 – Comprehensive Insurance and Risk Management Program

Current through 2026-07-17. Source: City of Balt., Md., Ord. 26-129. Published by the Baltimore City Department of Legislative Reference.

## § 12-1 Legislative findings; losses to be covered.

Balt., Md., Code art. 5, § 12-1 (2026)

(a) The Mayor and City Council of Baltimore has conducted a management audit of the City’s insurance program and an actuarial review of its casualty and liability losses and has determined that there is a need for a self-insurance fund for liability, casualty, property, and other designated losses, administered as an insurance and risk management program.

(b) Casualty and property losses include, but are not limited to, uninsured losses to City buildings and contents, City vehicles, City water craft, City boilers and machinery; workers’ compensation and employers liability; and third-party general liability and automobile liability losses.

*History: Ord. 86-750*

## § 12-2 Creation of Fund; funding.

Balt., Md., Code art. 5, § 12-2 (2026)

(a) There is created a Self-Insurance Fund.

(b)

  (1) The initial funding shall be such amounts as may be provided:

    (i) by the Fiscal Year 1987 Ordinance of Estimates;

    (ii) such supplementary appropriation ordinance(s) that may be enacted for this purpose; and

    (iii) from transfer of existing insurance reserves.

  (2) In succeeding years the Fund shall be replenished or augmented as may be required.

  (3) The Fund shall not exceed $27,000,000.

*History: Ord. 86-750*

## § 12-3 Committee on Insurance and Risk Management.

Balt., Md., Code art. 5, § 12-3 (2026)

(a)

  (1) There is established a Committee on Insurance and Risk Management, to be constituted of persons knowledgeable in the field of risk management.

  (2) The Committee shall be appointed by the Mayor pursuant to <cite data-doc="City of Baltimore, Md., Charter" data-path="IV|§6">Article IV, § 6 of the City Charter</cite>.  The Committee shall have such number of members as the Mayor may deem appropriate to carry out its function.

  (3) The Chairman shall be appointed and replaced from time to time by the Mayor.

(b) The Committee shall periodically employ a casualty actuary to conduct an actuarial review of the self-insured loss exposure of the City, and the Committee shall review the loss experience of the City, its claim and potential liability exposure, and any other factors which the Committee considers necessary or appropriate to evaluate the City’s insurance and risk management needs.

(c)

  (1) The Committee shall recommend to the Mayor and the Board of Estimates such amount of money, if any, for inclusion in the annual Ordinance of Estimates that it deems necessary to be appropriated to sustain the Self-Insurance Fund at a level to protect the City’s interest and meet the demands upon it.

  (2) The Committee shall submit to the Mayor and the Board of Estimates annually not later than March 1, a statement showing the condition and amount of the Fund.

*History: Ord. 86-750*

## § 12-4 Disbursement of funds.

Balt., Md., Code art. 5, § 12-4 (2026)

No monies shall be disbursed from the Fund except:

(1) to pay casualty and liability losses, and such other categories of losses or obligations consistent with the insurance and risk management program purposes of the Fund as may be directed by law or by the Board of Estimates;

(2) to pay insurance premiums; and

(3) to cover the actual cost of administering the expenses related to a risk management program.

*History: Ord. 86-750*

## § 12-5 Investment of funds.

Balt., Md., Code art. 5, § 12-5 (2026)

The monies in the Self-Insurance Fund and the earnings thereon shall be invested by the Board of Finance as are other monies in its charge.

*History: Ord. 86-750*

## § 12-6 Administration of Fund.

Balt., Md., Code art. 5, § 12-6 (2026)

(a) The Self-Insurance Fund shall be administered by the Office of Risk Management in the Department of Finance, headed by the Risk Management Officer who shall be appointed by the Director of Finance under the provisions of <cite data-doc="City of Baltimore, Md., Charter">the City Charter</cite> relating to the classified civil service.

(b) The Fund shall be administered in accord with all applicable laws, standard insurance industry practice, accepted accounting principles, and such requirements as the Board of Estimates may establish.

(c)

  (1) The Risk Management Officer shall recommend to the Board of Estimates the types and extent of risks to be covered by the Fund and any insurance or excess insurance deemed advisable, and the Board shall determine what risks are to be covered and the amount of any insurance to be obtained.

  (2) Pursuant to <cite data-doc="City of Baltimore, Md., Charter" data-path="V|§3">Article V, § 3 of the City Charter</cite>, the Comptroller shall obtain insurance approved by the Board of Estimates.

*History: Ord. 86-750*