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§ 5-1001. Definitions

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 5. Assets, Liabilities, Reserves, and Investments of Insurers
Subtitle 10. Limitation of Risk (Refs & Annos)
MD Code, Insurance, § 5-1001
§ 5-1001. Definitions
In general
(a) In this subtitle the following words have the meanings indicated.
Subject of insurance
(b) “Subject of insurance” includes, as to insurance against fire and hazards other than windstorm, earthquake, or other catastrophe hazards, all properties that:
(1) are insured by the same insurer; and
(2) customarily are considered by underwriters to be subject to loss or damage from the same fire or the same occurrence of the hazard insured against.
Surplus to policyholders
(c) “Surplus to policyholders” means an insurer's capital, surplus, and voluntary reserves.

Credits

Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, § 72.
MD Code, Insurance, § 5-1001, MD INSURANCE § 5-1001
Current through legislation effective through May 9, 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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