Ch. 566

LAWS OF MARYLAND

against the perils of vandalism and malicious mischief, all as
approved by the Commissioner, and insurance for such types,
classes and locations of property against the perils of burglary
or theft as the appropriate federal authority by rule shall
designate.] FROM THE PERILS OF FIRE, LIGHTNING, REMOVAL,
EXPLOSION, WINDSTORM, OR AND HAIL, SMOKE, AIRCRAFT OR VEHICLES,
RIOT OR CIVIL COMMOTION, OR VANDALISM AS DEFINED AND LIMITED IN
PROPERTY INSURANCE FORMS FILED WITH THE COMMISSIONER BY THE JOINT
INSURANCE ASSOCIATION. Such insurance shall not include
automobile insurance [and shall include], INLAND MARINE
INSURANCE, OR insurance on [the types of] manufacturing risks [as
may be excluded by the Commissioner].

[(7)] (8) "Homeowner's insurance" means a policy of
insurance providing a combination of coverages, including fire,
extended coverage, vandalism and malicious mischief, burglary,
theft, and personal liability as applicable to residential
properties.

[(8) "Appropriate federal authority" means an
authority that enacts legislation, amends or supplements the
federal reinsurance law, adopts appropriate regulations, or makes
appropriate administrative rulings, including the Congress of the
United States, the Secretary of the United States Department of
Housing and Urban Development, and the Federal Insurance
Administrator of the Department.

(9) "Secretary" means the Secretary of the United
States Department of Housing and Urban Development.]

(9) "LICENSED PRODUCER" SHALL MEAN A PERSON,
PARTNERSHIP, OR CORPORATION HOLDING A CERTIFICATE OF
QUALIFICATION AS AN AGENT OF AN AUTHORIZED INSURER OR BROKER
ISSUED PURSUANT TO SUBTITLE 11 OF THIS ARTICLE.

[(10) "Urban area" includes any municipality or other
political subdivision of Maryland, subject to population or other
limitations defined in rules and regulations of the Secretary,
and such additional areas as may be designated by the
Commissioner.]

478C.

(1) There is hereby established [a joint insurance
association,] AN UNINCORPORATED ASSOCIATION KNOWN AS THE JOINT
INSURANCE ASSOCIATION consisting of all insurers licensed to
write in this State, on a direct basis, essential property
insurance or any component thereof in multi-peril policies.
Every such insurer shall be a member of the [association]
ASSOCIATION and shall remain a member as a condition of its
authority to transact such kinds of insurance in this State. [In
addition, other insurers may become members with the consent of
the Commissioner.]

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