§ 27-601. Definitions
West's Annotated Code of MarylandInsuranceEffective: October 1, 2018
Effective: October 1, 2018
MD Code, Insurance, § 27-601
§ 27-601. Definitions
(b)(1) “Commercial insurance” means property insurance or casualty insurance issued to an individual, a sole proprietor, partnership, corporation, limited liability company, or similar entity and intended to insure against loss arising from the business pursuits of the insured entity.
(c)(1) “Personal insurance” means property insurance or casualty insurance issued to an individual, trust, estate, or similar entity that is intended to insure against loss arising principally from the personal, noncommercial activities of the insured.
Credits
Added by Acts 2006, c. 393, § 2, eff. Jan. 1, 2007; Acts 2006, c. 580, § 2, eff. Jan. 1, 2007. Amended by Acts 2018, c. 513, § 1, eff. Oct. 1, 2018.
MD Code, Insurance, § 27-601, MD INSURANCE § 27-601
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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