Volume 795, Page 4712 View pdf image |
H.B. 229 VETOES BY repealing and reenacting, without amendments, SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF Article 48A - Insurance Code 734. (a) In this subtitle the following words have the meanings indicated. (b) "Administration" means the Maryland Insurance Administration. (c) (1) "Affected property" means [a property that contains at least one rental (I) 1. A RESIDENTIAL RENTAL PROPERTY CONSTRUCTED 2. A RESIDENTIAL RENTAL PROPERTY THAT CONTAINS NOT (II) AN INDIVIDUAL RENTAL DWELLING UNIT WITHIN: 1. A RESIDENTIAL RENTAL PROPERTY CONSTRUCTED 2. A RESIDENTIAL RENTAL PROPERTY THAT CONTAINS (2) "AFFECTED PROPERTY" DOES NOT INCLUDE PROPERTY EXEMPTED (d) "Authorized insurer" means an insurer that: (1) Holds a certificate of authority in the State; (2) Issues or issues for delivery in the State third party bodily injury liability (i) Homeowners' coverage; (ii) Owners', landlords', and tenants' coverage; or (iii) Other premises liability coverage; and (3) Is subject to regulation by the Maryland Insurance Administration. - 4712 -
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Volume 795, Page 4712 View pdf image |
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