1060

LAWS OF MARYLAND

Ch. 11

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) FUND.

(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 TO OR
FOR STATE PERSONNEL UNDER TITLE 12, SUBTITLE 4 OF THE STATE
GOVERNMENT ARTICLE;

(III)  EACH PREMIUM THAT A UNIT OF THE STATE
GOVERNMENT PAYS FOR PROTECTION UNDER THE FUND;

INSURANCE; AND

(IV) EACH PAYMENT FOR A LOSS UNDER PURCHASED

(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.

REVISOR'S NOTE: Subsection (a) of this section is new
language derived without substantive change from the
third clause of former Art. 95, § 26(a) and revised to
state expressly that the Program exists. This
revision is based on the statement of intent in former
Art. 95, § 25 and the reference to the Program in §
35(a). See § 9-102(b)(2) of this title and §
2-104(b)(2)(iii) of this article.

Subsection (b) of this section is new language derived
without substantive change from former Art. 95, § 29,
the first clause of § 28, and the second sentence of §
32.