WILLIAM DONALD SCHAEFER, Governor Ch. 365

599.

The purpose of this subtitle is to:

(1) Authorize and establish a program which would
make certain commercial casualty insurance available to all
qualified applicants, with the least possible administrative
detail and expense, subject to the conditions of this subtitle;

(2) Provide for operation of a pool by licensed
insurers through the facilities of an underwriting association;
and

(3) Publicize the purposes and procedures of this
subtitle so that a person does not fail to seek its assistance
through ignorance.

600.

(a) In this subtitle the following words have the meanings
indicated unless the context requires otherwise.

(b) "Association" means the Commercial Casualty

Underwriting Association.

(c) "Commercial casualty insurance" means casualty

insurance:

(1) As defined under § 68 of this article; and

(2) That provides coverages, terms, and conditions in
policies for commercial entities, as approved by the
Commissioner.

(d) "Commercial entity" means any person that:

(1) Is a resident of this State; and

(2) (i) Is engaged in commerce primarily within this
State; or

(ii) Is a nonprofit, nonstock corporation that:

1.     Is exempt from federal income tax
under § 501(c)(3) or (4) of the Internal Revenue Code; and

2.     Receives less than 50 percent of its
annual operating budget from a local government.

(e) "Commissioner" means the Commissioner of Insurance of
the State of Maryland.                                                                       

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