# State Finance and Procurement (GSF)

## Title 9. State Insurance Program

### Subtitle 1

#### Section 9-103

(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 Sec. 9-105 of this title.

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Md. Code Ann., State Fin. & Proc. (as displayed at mgaleg.maryland.gov, October 16, 2026)