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Session Laws, 1963
Volume 671, Page 1007   View pdf image (33K)
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J. MILLARD TAWES, Governor                     1009

of subsection (1) shall for all purposes be deemed to be the same
kind of insurance to which it is incidental, and shall not be subject

to provisions of this article applicable to life or health insurances.

68. "CASUALTY INSURANCE" DEFINED.

CASUALTY INSURANCE IS:

(1)   INSURANCE AGAINST LEGAL, CONTRACTUAL OR
ASSUMED LIABILITY FOR DEATH, INJURY OR DISABILITY
OF ANY HUMAN BEING, OR FOR DAMAGE TO PROPERTY;
AND PROVISION OF MEDICAL, HOSPITAL, OR SURGICAL
DISABILITY BENEFITS TO INJURED PERSONS AND FU-
NERAL AND DEATH BENEFITS TO DEPENDENTS, BENEFI-
CIARIES OR PERSONAL REPRESENTATIVES OF PERSONS
KILLED, IRRESPECTIVE OF LEGAL LIABILITY OF THE IN-
SURED, WHEN ISSUED AS AN INCIDENTAL COVERAGE
WITH OR SUPPLEMENTAL TO LIABILITY INSURANCE;
MOTOR VEHICLE PHYSICAL DAMAGE, BURGLARY AND
THEFT, GLASS, WORKMEN'S COMPENSATION AND EM-
PLOYER'S LIABILITY, BOILER AND MACHINERY INSUR-
ANCE.

(2)   INSURANCE AGAINST ANY OTHER KIND OF LOSS,
DAMAGE, OR LIABILITY PROPERLY A SUBJECT OF INSUR-
ANCE AND NOT WITHIN ANY OTHER KIND OF INSURANCE
AS DEFINED IN PARAGRAPH (1) IN THIS SUBTITLE, IF
SUCH INSURANCE IS NOT DISAPPROVED BY THE COMMIS-
SIONER AS BEING CONTRARY TO LAW OR PUBLIC POLICY.

69.    "Surety Insurance" Defined.

Surety insurance includes:

(1)   Fidelity insurance, which is insurance guaranteeing the fidel-
ity of persons holding positions of public or private trust.

(2)   Insurance guaranteeing the performance of contracts, other
than insurance policies, and guaranteeing and executing bonds,
undertakings, and contracts of suretyship.

(3)   Insurance indemnifying banks, bankers, brokers, financial or
moneyed corporations or associations against loss resulting from any
cause, of bills of exchange, notes, bonds, securities, evidences of debt,
deeds, mortgages, warehouse receipts or other valuable papers, docu-
ments, money, precious metals and articles made therefrom, jewelry,
watches, necklaces, bracelets, gems, precious and semi-precious
stones, including any loss while the same are being transported in
armored motor vehicles, or by messenger, but not including any other
risks of transportation or navigation; also insurance against loss or
damage to such an insured's premises or to his furnishings, fixtures,
equipment, safes, and vaults therein, caused by burglary, robbery,
theft, vandalism or malicious mischief, or any attempt thereat.

70.    "Marine", "Wet Marine and Transportation" Insurance Defined.

(1) "Marine Insurance" includes:

(i) Insurance against any and all kinds of loss or damage to:

(A). Vessels, craft, aircraft, cars, automobiles, trailers and vehi-

 

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Session Laws, 1963
Volume 671, Page 1007   View pdf image (33K)
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