1. A. Within budgetary appropriations and market availability, the Treasurer, in the Treasurer's sole discretion, may purchase commercial insurance to provide coverage, in whole or in part, under the Maryland Tort Claims Act.

2. B. If the Treasurer elects to purchase commercial insurance under §A, above, the:

   1. (1) Policy limits, terms, and conditions of the commercial insurance shall determine coverage and establish the limitation of State liability; and
   2. (2) Payment limits, terms, and conditions applicable to the Treasurer's self-insurance program under this chapter shall determine the coverage and establish the limitation of State liability for purposes of the State's deductible or self-insured retention, if any, under this commercial insurance.

Authority: State Finance and Procurement Article, §§9-104 and 9-105; State Government Article, §12-101 et seq; Annotated Code of Maryland

Effective date: July 2, 1984 (11:13 Md. R. 1178)

Chapter recodified from COMAR 25.02.01 to 25.02.02 effective as an emergency provision July 17, 1985 (12:16 Md. R. 1603); emergency status extended at 12:22 Md. R. 2102); adopted permanently effective November 4, 1985 (12:22 Md. R. 2109)

Chapter, State Insurance Trust Fund, repealed effective April 16, 1990 (17:7 Md. R. 853)

Regulations .01—.03, Maryland Tort Claims Act, adopted effective April 16, 1990 (17:7 Md. R. 853)

Regulation .02D amended effective January 12, 1998 (25:1 Md. R. 17); June 26, 2000 (27:12 Md. R. 1142)