8722 Loch Raven Blvd., Towson, Maryland, May 2004. Photo by Diane F. Evartt.
Nine members constitute the Board. They are appointed to five-year terms by the Governor with Senate advice and consent. The Board appoints the Fund President (Code Labor & Employment Article, secs. 10-109 through 10-114).
INVESTMENTS
The Chief Investment Officer manages the Fund's investment portfolio which provides income to support its operations. Current assets and reserves total $1.5 billion.
INFORMATION SYSTEMS
Information Systems integrates the computer systems and information needs for the Fund's departments. For new programs and initiatives, it provides information infrastructure support.
Operations oversees seven units: Claims (private), Claims (State), Health Services, Policy and Compliance, Premium Auditing, Strategic Business, and Underwriting and Loss Control. Operations also oversees the Maryland State Employee Risk Management Administration.
The Committee is comprised of risk managers of eleven State departments, a representative from the Governor's Office, the State Treasurer, the president of the Injured Workers' Insurance Fund, the Chancellor of the University System of Maryland, and others designated by the Governor.
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Investments began as the Investment Department in 1991. It later transferred to the Office of President.
ADMINISTRATION
Administration is responsible for the Chief Actuary, Communications and Strategic Planning, Information Systems, Marketing, and the Legal Department.
In 1990, Information Systems originated as the Data Control Department. In 1997, it reformed as Information Systems.
OPERATIONS
Operations began as Marketing, Strategic Planning, and Business Development in 2005 when Insurance Operations merged with Corporate Services and Strategic Planning. In 2008, it reformed as Insurance Operations, and now is Operations.
MARYLAND STATE EMPLOYEE RISK MANAGEMENT ADMINISTRATION
The Maryland State Employee Risk Management Administration was established in 1989 and reformed in 2008 (Executive Orders 01.01.1989.15 & 01.01.2008.03). To reduce occupational injuries for State employees, the Administration works with State agencies by promoting workplace safety.
MARYLAND STATE EMPLOYEE RISK MANAGEMENT COMMITTEE
The Maryland State Employee Risk Management Committee originated when the Governor formed the Maryland State Employee Risk Management Steering Committee in January 2002 (Executive Order 01.01.2002.01). In December 2003, the Committee reorganized as the Maryland State Employee Risk Management Advisory Council (Executive Order 01.01.2003.51) and in 2008, as the Maryland State Employee Risk Management Committee (Executive Order 01.01.2008.03). The Committee works with the State Employee Risk Management Administration to monitor and make recommendations on risk management; plan new initiatives in risk management; and share common guidelines, concerns, and ideas.
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