<?xml version='1.0' encoding='utf-8'?>
<section article="gtr" article_name="Transportation" number="7-703" title_number="7" title_name="Mass Transit" subtitle_number="7" subtitle_name="Miscellaneous Provisions">
  <level label="a">
    <text>The Administration shall self insure or purchase and maintain insurance against:</text>
    <level label="1">
      <text>Loss or damage to its property; and</text>
    </level>
    <level label="2">
      <text>Liability for injury to persons or property.</text>
    </level>
  </level>
  <level label="b">
    <text>The Administration may purchase insurance against loss of revenue from any cause.</text>
  </level>
  <level label="c">
    <text>Subject to the requirements of any agreement in connection with the issuance by the Administration of its obligations, all insurance coverage shall be in the form and amount that the Administration determines.</text>
  </level>
  <level label="d">
    <level label="1">
      <text>Each lease of Administration property shall require the lessee to purchase, maintain, and pay for insurance that:</text>
      <level label="i">
        <text>Reasonably protects the Administration from liability related to the property; and</text>
      </level>
      <level label="ii">
        <text>Insures the leased property in the name of the Administration for its full insurable value against all reasonable and insurable risks.</text>
      </level>
    </level>
    <level label="2">
      <text>Each lease of Administration property shall require the lessee to indemnify and hold the Administration harmless for the negligence of the lessee, its agents, and its employees.</text>
    </level>
  </level>
</section>
