PARRIS N. GLENDENING, Governor                               Ch. 36

REVISOR'S NOTE: This subsection is new language derived without substantive
change from former Art. 48A, § 7(2).

Defined terms: "Certificate of authority" § 1-101
"Insurer" § 1-101

(RR) WET MARINE AND TRANSPORTATION INSURANCE.

"WET MARINE AND TRANSPORTATION INSURANCE" MEANS THE PART OF
MARINE INSURANCE THAT INCLUDES ONLY:

(1)     INSURANCE OF VESSELS, CRAFTS, OR HULLS AND INTERESTS IN OR
RELATED TO THEM;

(2)     INSURANCE OF MARINE BUILDER'S RISKS OR MARINE WAR RISKS;

(3)     MARINE PROTECTION AND INDEMNITY INSURANCE;

(4)     INSURANCE OF FREIGHTS AND DISBURSEMENTS PERTAINING TO A
SUBJECT OF INSURANCE UNDER THIS SUBSECTION; AND

(5)     INSURANCE OF PERSONAL PROPERTY AND INTERESTS IN PERSONAL
PROPERTY, IN CONNECTION WITH ANY RISK OF NAVIGATION, TRANSIT, OR
TRANSPORTATION:

(I)      IN THE COURSE OF EXPORTATION FROM OR IMPORTATION
INTO A COUNTRY AND IN THE COURSE OF TRANSPORTATION ALONG A COAST OR
ON INLAND WATERS, INCLUDING TRANSPORTATION BY LAND, WATER, OR AIR
FROM POINT OF ORIGIN TO FINAL DESTINATION;

(II)    WHILE BEING PREPARED FOR AND WHILE AWAITING
SHIPMENT; AND

(III)   DURING ANY DELAY, STORAGE, TRANSSHIPMENT, OR
INCIDENTAL RESHIPMENT.

REVISOR'S NOTE: This subsection is new language derived without substantive
change from former Art. 48A, § 70(2).

Defined terms: "Insurance" § 1-101
"Marine insurance" § 1-101
"Marine protection and indemnity insurance" § 1-101

(SS) WHOLESALE LIFE INSURANCE.

(1) "WHOLESALE LIFE INSURANCE" MEANS LIFE INSURANCE THAT IS:

(I)      DISTRIBUTED ON A MASS MERCHANDISING BASIS;

(II)    ADMINISTERED BY GROUP METHODS PROVIDED, WITH OR
WITHOUT EVIDENCE OF INSURABILITY, BY INDIVIDUAL POLICIES; AND

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