Ch. 36

1995 LAWS OF MARYLAND

(5) INSURANCE AGAINST LOSS OR DAMAGE TO THE INSURED'S
PREMISES OR TO FURNITURE, FIXTURES, EQUIPMENT, SAFES, AND VAULTS ON THE
PREMISES CAUSED BY BURGLARY, ROBBERY, THEFT, VANDALISM, OR MALICIOUS
MISCHIEF, OR ATTEMPTED BURGLARY, ROBBERY, THEFT, VANDALISM, OR
MALICIOUS MISCHIEF.

REVISOR'S NOTE: This subsection is new language derived without substantive
change from former Art. 48A, § 69.

Defined terms: "Insurance" § 1-101
"Insurance contract" § 1-101
"Person" § 1-101

(00) SURPLUS LINES INSURANCE.

"SURPLUS LINES INSURANCE" MEANS THE FULL AMOUNT OR KIND OF
INSURANCE NEEDED TO PROTECT THE INTEREST OF THE INSURED THAT:.

(1)      CANNOT BE OBTAINED FROM AN AUTHORIZED INSURER; OR

(2)      FOR THE PARTICULAR KIND AND CLASS OF INSURANCE TO PROVIDE
COVERAGE AGAINST LIABILITY OF PERSONS DESCRIBED IN § XX-XXX OF THIS
ARTICLE [ART. 48A, § 551(C)(1), (2), AND (3)], CANNOT BE OBTAINED FROM THREE OR
MORE AUTHORIZED INSURERS THAT WRITE THAT KIND AND CLASS OF INSURANCE
ON A BROAD BASIS.

REVISOR'S NOTE: This subsection is new language derived without substantive
change from former Art. 48A, § 184(a).

Defined terms: "Authorized insurer" § 1-101
"Insurance" § 1-101
"Person" § 1-101

(PP) TITLE INSURANCE.

"TITLE INSURANCE" MEANS INSURANCE OF OWNERS OF PROPERTY OR OTHER
PERSONS THAT HAVE AN INTEREST IN THE PROPERTY AGAINST LOSS BY
ENCUMBRANCE, DEFECTIVE TITLE, INVALIDITY OF TITLE, OR ADVERSE CLAIM TO
TITLE.

REVISOR'S NOTE: This subsection is new language derived without substantive
change from former Art. 48A, § 71.

The former reference to "liens or encumbrances" on property is deleted as
included in the reference to an "interest" in the property.

Defined terms: "Insurance" § 1-101
"Person" § 1-101

(QQ) UNAUTHORIZED INSURER.

"UNAUTHORIZED INSURER" MEANS AN INSURER THAT DOES NOT HOLD A
CERTIFICATE OF AUTHORITY.

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