§ 9–103
Statutes in effect as of October 1, 2026.
Md. Code Ann., State Fin. & Proc. § 9-103 (2026)
Title 9. State Insurance Program
Subtitle 1
§ 9–103LinkCopy Citation
(a)
There is a State Insurance Program for providing and administering purchased insurance and self-insurance for the State, including:
(1)
insurance on State property;
(2)
insurance that federal law requires;
(3)
insurance trust agreements; and
(4)
insurance against other risk or commitment of the State.
(b)
(1)
There is a State Insurance Trust Fund.
(2)
The Fund consists of:
(i)
each General Fund and special fund appropriation in the State budget to the Treasurer or a unit of the State government for self-insurance;
(ii)
each General Fund and special fund appropriation to the State Insurance Trust Fund for payment under Title 12, Subtitle 5 of the State Government Article;
(iii)
each premium that a unit of the State government pays for protection under the Fund;
(iv)
each payment for a loss under purchased insurance; and
(v)
each payment from salvage or other recovery that results from a loss paid through the Program.
(3)
The General Assembly intends that the State budget include sufficient General Fund appropriations to provide in the State Insurance Trust Fund a reserve that the Treasurer considers adequate to cover losses under § 9-105 of this title.