8.9.2. Section 9.2: Insurance

The Association shall maintain liability insurance for Directors and officers of the Association with coverages not less than those provided for under Section 5-406 of the Courts and Judicial Proceedings Article of the Annotated Code of Maryland, or any successor statute, as the same may be amended from time to time.

The Board of Directors shall require that all officers, Directors, and employees of the Association regularly handling or otherwise responsible for the funds of the Association shall be covered by adequate fidelity insurance or equivalent coverage against acts of dishonesty.

The premiums on the insurance under this Section 9.2 shall be paid by the Association.