Maryland Code, STATE FINANCE AND PROCUREMENT 9-106
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Terms Used In Maryland Code, STATE FINANCE AND PROCUREMENT 9-106
(a) If a unit of the State government is funded by special or federal funds, the Treasurer shall assess the unit a premium for coverage under the Fund that is needed to pay losses due to total protection or applicable deductions on purchased insurance.
(b) After considering the potential exposure of the Fund and its loss experience, the Treasurer shall try to set premiums so as to produce funds that approximate the payments from the Fund.