WILLIAM DONALD SCHAEFER, Governor

Ch. 114

(2) ISSUES OR ISSUES FOR DELIVERY IN THE STATE THIRD PARTY
BODILY INJURY LIABILITY INSURANCE UNDER HOMEOWNERS', OWNERS',
LANDLORDS' AND TENANTS', OR OTHER PREMISES LIABILITY COVERAGE; AND

(3) IS SUBJECT TO REGULATION BY THE MARYLAND INSURANCE
ADMINISTRATION.

(E) (1) "DEPARTMENT" MEANS THE DEPARTMENT OF THE ENVIRONMENT.

(2) "DEPARTMENT" INCLUDES A DESIGNEE OF THE DEPARTMENT.

(F) (1) "OWNER" MEANS A PERSON, FIRM, CORPORATION, GUARDIAN,

CONSERVATOR, RECEIVER, TRUSTEE, EXECUTOR, OR THEIR LEGAL

REPRESENTATIVE, WHO ALONE OR JOINTLY OR SEVERALLY WITH OTHERS, OWNS,
HOLDS, OR CONTROLS THE WHOLE OR ANY PART OF THE FREEHOLD OR
LEASEHOLD INTEREST TO ANY PROPERTY, WITH OR WITHOUT ACTUAL POSSESSION.

(2) "OWNER" INCLUDES:

(I) ANY VENDEE IN POSSESSION OF THE PROPERTY; AND

(II) ANY AUTHORIZED AGENT OF THE OWNER, INCLUDING
PROPERTY MANAGERS, LEASING AGENTS, AND MAINTENANCE PERSONNEL.

(3) "OWNER" DOES NOT INCLUDE:

(I) A TRUSTEE OR BENEFICIARY UNDER A DEED OF TRUST OR A
MORTGAGEE; OR

(II) THE OWNER OF A REVERSIONARY INTEREST UNDER A
GROUND RENT LEASE.

735.

(A)     AN OWNER OF AN AFFECTED PROPERTY, WITHIN 30 DAYS OF THE FIRST
CHANGE IN OCCUPANCY AFTER SEPTEMBER 30, 1991, AND ANNUALLY THEREAFTER,
SHALL PROVIDE PROOF TO THE DEPARTMENT IN THE FORM REQUIRED BY THE
DEPARTMENT THAT THE OWNER HAS THIRD PARTY BODILY INJURY LIABILITY
INSURANCE COVERAGE, INCLUDING COVERAGE FOR LEAD POISONING, FOR EACH
AFFECTED PROPERTY WHICH HAS UNDERGONE A CHANGE IN OCCUPANCY, IN AN
AMOUNT THAT SATISFIES THE MINIMUM COVERAGE AMOUNT SET BY THE
DEPARTMENT.

(B)     AN OWNER OF AFFECTED PROPERTY MAY SATISFY THE PROVISIONS OF
SUBSECTION (A) OF THIS SECTION BY POSTING A BOND OR OTHER EVIDENCE OF
FINANCIAL ABILITY AS THE DEPARTMENT MAY BY REGULATION DEEM
ACCEPTABLE IN AN AMOUNT THAT SATISFIES THE MINIMUM COVERAGE AMOUNT
SET BY THE DEPARTMENT.

(C) (1) AN OWNER OF AFFECTED PROPERTY WHO FAILS TO SATISFY THE
PROVISIONS OF SUBSECTION (A) OR (B) OF THIS SECTION IS SUBJECT TO A CIVIL
PENALTY OF $500 PER MONTH FOR EACH AFFECTED PROPERTY OF THE OWNER
THAT IS NOT IN COMPLIANCE WITH THIS SECTION.

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