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§ 11-321. Definitions

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 11. Insurance Rating Law
Subtitle 3. Competitive Rating (Refs & Annos)
Part IV. Same--Geographic Distribution of Residential Property Premium and Private Passenger Premium
MD Code, Insurance, § 11-321
§ 11-321. Definitions
Currentness
In general
(a) In Part IV of this subtitle the following words have the meanings indicated.
Affiliate
(b) “Affiliate” has the meaning stated in § 7-101 of this article.
Major insurer
(c) “Major insurer” means an insurer or affiliate or subsidiary of that insurer that has written an amount of private passenger premium in the State that totals 1% or more of the total premium of private passenger premium written in the State by all insurers, including the Maryland Automobile Insurance Fund.
Private passenger premium
(d) “Private passenger premium” means the direct written premium derived from the sale of private passenger motor vehicle insurance policies in a calendar year.
Subsidiary
(e) “Subsidiary” has the meaning stated in § 7-101 of this article.

Credits

Added by Acts 1997, c. 35, § 2, eff. Oct. 1, 1997. Amended by Acts 1999, c. 201, § 1, eff. Jan. 1, 2000; Acts 2001, c. 625, § 1, eff. June 1, 2001.
Formerly Art. 48A, § 245.
MD Code, Insurance, § 11-321, MD INSURANCE § 11-321
Current through legislation effective through April 25, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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