§ 2-501. Definitions
West's Annotated Code of MarylandInsurance
MD Code, Insurance, § 2-501
§ 2-501. Definitions
(b) “Assessment” means an assessment that, subject to § 2-505(c)(3) of this subtitle, equals 60% of the Administration's approved annual budget appropriation under this article.
(d)(1) “Health insurer” means an insurer that holds a certificate of authority issued by the Commissioner to engage in the business of health insurance.
(e) “Health insurer assessment portion” means 40% of the assessment.
(f)(1) “Insurer” means an insurer or other entity authorized to engage in the insurance business in the State under a certificate of authority issued by the Commissioner.
(g) “Life insurer” means an insurer that holds a certificate of authority issued by the Commissioner to engage in the business of life insurance.
(i) “Multiple type insurer” means an insurer that engages in more than one of the following types of insurance:
(j)(1) “Premium” has the meaning stated in § 1-101 of this article to the extent it is allocable to this State.
(k)(1) “Property and casualty insurer” means an insurer that holds a certificate of authority issued by the Commissioner to engage in the business of property and casualty insurance.
Credits
Added by Acts 1998, c. 774, § 3, eff. April 1, 1999. Amended by Acts 2002, c. 317, § 2, eff. July 1, 2002.
MD Code, Insurance, § 2-501, MD INSURANCE § 2-501
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document |