Md. Code Regs. 24.05.04.10

Current through Register Vol. 51, No. 24, December 2, 2024

Section 24.05.04.10 - Insurance of $50,000 or Less

The Authority may authorize the Executive Director of the Authority to approve, on behalf of the Authority, any insurance to be provided from the Authorized Purpose Insurance Fund which does not exceed, with respect to any one transaction, the total aggregate amount of $50,000. Any approval by the Executive Director shall:

A. Be subject to the concurrence of the Secretary or the Chairman of the Authority;

B. Comply with the requirements of the Act; and

C. Be binding upon the Authority.

Md. Code Regs. 24.05.04.10