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§ 27-601. Definitions

West's Annotated Code of MarylandInsuranceEffective: October 1, 2018

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 27. Unfair Trade Practices and Other Prohibited Practices (Refs & Annos)
Subtitle 6. Cancellations, Nonrenewals, Premium Increases, and Reductions in Coverage (Refs & Annos)
Effective: October 1, 2018
MD Code, Insurance, § 27-601
§ 27-601. Definitions
In general
(a) In this subtitle the following words have the meanings indicated.
Commercial insurance
(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.
(2) “Commercial insurance” does not include:
(i) policies issued by the Maryland Automobile Insurance Fund;
(ii) policies issued by the Joint Insurance Association;
(iii) workers' compensation insurance; or
(iv) title insurance.
Personal insurance
(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.
(2) “Personal insurance” does not include:
(i) motor vehicle liability insurance policies subject to § 27-613 of this subtitle;
(ii) policies issued by the Maryland Automobile Insurance Fund;
(iii) policies issued by the Joint Insurance Association; or
(iv) surety insurance.

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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