Regulation .02 Definitions.
Regulation .02 Definitions.LinkCopy Citation
A.
In this chapter the following term has the meaning indicated.
B.
Commercial Insurance Defined.
(1)
“Commercial insurance” means property insurance or casualty insurance:
(a)
Issued to an individual, sole proprietor, partnership, corporation, limited liability company, or similar entity; and
(b)
Intended to insure against loss arising from the business pursuits of the insured entity.
(2)
“Commercial insurance” does not include:
(a)
A policy issued by the Maryland Automobile Insurance Fund;
(b)
A policy issued by the Joint Insurance Association;
(c)
Workers’ compensation insurance; or
(d)
Title Insurance.