Maryland § 7-703
Full text of Maryland Maryland Code § 7-703, with citation guidance and answers to common questions.
§ 7-703.
(a) The Administration shall self insure or purchase and maintain insurance against:
(1) Loss or damage to its property; and
(2) Liability for injury to persons or property.
(b) The Administration may purchase insurance against loss of revenue from any cause.
(c) Subject to the requirements of any agreement in connection with the issuance by the Administration of its obligations, all insurance coverage shall be in the form and amount that the Administration determines.
(d) (1) Each lease of Administration property shall require the lessee to purchase, maintain, and pay for insurance that:
(i) Reasonably protects the Administration from liability related to the property; and
(ii) Insures the leased property in the name of the Administration for its full insurable value against all reasonable and insurable risks.
(2) Each lease of Administration property shall require the lessee to indemnify and hold the Administration harmless for the negligence of the lessee, its agents, and its employees.
Frequently Asked Questions About Maryland § 7-703
What does Maryland Code § 7-703 cover?
Section 7-703 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 7-703?
A common citation format is "Maryland Code § 7-703" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 7-703 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.