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§ 22-101. Definitions

West's Annotated Code of MarylandInsuranceEffective: October 1, 2014

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 22. Title Insurance
Effective: October 1, 2014
MD Code, Insurance, § 22-101
§ 22-101. Definitions
Currentness
In general
(a) In this subtitle the following words have the meanings indicated.
Abstract of title
(b)(1) “Abstract of title” means a representation of the state of title to property based on a review of the records that impart constructive notice relating to title to property in the State.
(2) “Abstract of title” includes a report of title and any other written or electronically created or preserved representation of the state of title to property.
Title insurance commitment
(c)(1) “Title insurance commitment” means a written statement of the terms and conditions on which a title insurer is willing to issue a policy of title insurance if the title insurer accepts a premium for the policy.
(2) “Title insurance commitment” includes a binder.

Credits

Added by Acts 2014, c. 318, § 2, eff. Oct. 1, 2014; Acts 2014, c. 319, § 2, eff. Oct. 1, 2014.
MD Code, Insurance, § 22-101, MD INSURANCE § 22-101
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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