Maryland Statutes
Title 9 - State Insurance Program
Section 9-103 - Program and Fund Established

(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.