WILLIAM DONALD SCHAEFER, Governor Ch. 506

(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 [to
or for State personnel] under Title 12, Subtitle [4] 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.

9-105.

(a) (1) The Treasurer shall provide self-insurance for:

(i) loss of or damage to State motor vehicles;

(ii) loss of or damage to hulls of State
vessels;

(iii) loss of or damage to State real property,
to the extent that purchased insurance does not cover the loss or
damage; and

(iv) loss as a result of a settlement or
judgment [against State personnel,] to the extent that the Board
of Public Works pays the loss under Title 12, Subtitle [4] 5 of
the State Government Article.

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