Sec. 31.08.17.02. Definitions

Latest version.

A. In this chapter the following term has the meaning indicated.

B. Commercial Insurance Defined.

(1) Commercial insurance means property insurance or casualty insurance:

(a) Issued to an individual, sole proprietor, partnership, corporation, limited liability company, or similar entity; and

(b) Intended to insure against loss arising from the business pursuits of the insured entity.

(2) Commercial insurance does not include:

(a) A policy issued by the Maryland Automobile Insurance Fund;

(b) A policy issued by the Joint Insurance Association;

(c) Workers compensation insurance; or

(d) Title Insurance.

                    
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