This chapter applies to: Commercial insurance as defined in Insurance Article, §27-601(b), Annotated Code of Maryland; and Workers’ compensation insurance for employers’ liability as set forth in Labor and Employment Article, Title 9, Annotated Code of Maryland. This chapter does not apply to policies: Issued to exempt commercial policyholders, as defined in Insurance Article, §11-206(j), Annotated Code of Maryland; For which the renewal premium is: In excess of $1,000; and An increase over the expiring policy premium of the lesser of 3 percent or $300; or Of surplus lines insurance procured from a nonadmitted insurer under Insurance Article, Title 3, Subtitle 3, Annotated Code of Maryland.