§ 5–1001
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 5-1001 (2026)
Title 5. Assets, Liabilities, Reserves, and Investments of Insurers
Subtitle 10. Limitation of Risk
§ 5–1001LinkCopy Citation
(a)
In this subtitle the following words have the meanings indicated.
(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.
(c)
“Surplus to policyholders” means an insurer’s capital, surplus, and voluntary reserves.