PARRIS N. GLENDENING, Governor

Ch. 35

(2) FOR THE PARTICULAR KIND AND CLASS OF INSURANCE TO PROVIDE
COVERAGE AGAINST LIABILITY OF PERSONS DESCRIBED IN § 24-206(1) OF THIS
ARTICLE, CANNOT BE OBTAINED FROM THREE OR MORE AUTHORIZED INSURERS
THAT WRITE THAT KIND AND CLASS OF INSURANCE ON A BROAD BASIS.

SPECIAL REVISOR'S NOTE: As enacted by Ch. 36, Acts of 1995, this subsection
was new language derived without substantive change from former Art. 48A, §
184(a). However, Ch. 60, Acts of 1996, corrected the cross-reference in item

(2) of this subsection. Chapter _, Acts of 1997, repealed and reenacted

this subsection without change.

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

(OO) 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.

SPECIAL REVISOR'S NOTE: As enacted by Ch. 36, Acts of 1995, this subsection
was new language derived without substantive change from former Art. 48A, §

71. Chapter _, Acts of 1997, repealed and reenacted this subsection

without change.

The former reference to "liens or encumbrances" on property was deleted by
Ch. 36 as included in the reference to an "interest" in the property.

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

(PP) UNAUTHORIZED INSURER.

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

SPECIAL REVISOR'S NOTE: As enacted by Ch. 36, Acts of 1995, this subsection
was new language derived without substantive change from former Art. 48A, §

7(2). Chapter_, Acts of 1997, repealed and reenacted this subsection

without change.

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

(QQ) 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;

- 765 -