Md. Code, State Finance and Procurement § 9–102

(a) The General Assembly finds that it is desirable for the State to have a program of purchased insurance and self-insurance against loss, damage, and liability that the State may incur.

(b) The General Assembly intends that the State:

(1) insure against loss, damage, and liability as fully as permitted by law or agreement; and

(2) have a program for central administration of purchased insurance and self-insurance.