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Ch. 18
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2002 LAWS OF MARYLAND
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(3) "Life insurance" does not include workers' compensation insurance.
(y) "Life insurer" means an insurer in life insurance,
(z) (1) "Marine insurance" includes:
(i) insurance against loss or damage in connection with any risk of
navigation, transit, or transportation, including war risks, marine builder's risks and
personal property floater risks, to vessels, craft, aircraft, automobiles, trailers, or
vehicles of any kind, as well as all goods, freight, cargoes, merchandise, effects,
disbursements, profits, money, bullion, precious stones, securities, chores in action,
evidences of debt, valuable papers, bottomry and respondentia interests, and all other
kinds of property and interests:
1. on or under water, on land, or in the air;
2. while being assembled, packed, crated, baled, compressed,
or similarly prepared for shipment or while awaiting shipment; or
3. during any delay, storage, transshipment, or incidental
reshipment;
(ii) except as provided in paragraph (2) of this subsection,
insurance against:
1. loss or damage to a person or property in connection with
or as part of marine, inland marine, transit, or transportation insurance arising out of
or in connection with the construction, repair, operation, maintenance, or use of the
subject matter of the insurance; and
2. legal liability of the insured for loss of or damage to the
person or property;
(iii) insurance against loss or damage to precious stones, jewels,
jewelry, gold, silver and other precious metals, whether used in business or trade or
otherwise or whether in course of transportation or otherwise; and
(iv) except as provided in paragraph (2) of this subsection,
insurance against loss or damage to bridges, tunnels, other instrumentalities of
transportation and communication, auxiliary facilities and related equipment, piers,
wharves, docks, slips, other aids to navigation and transportation, dry docks, and
marine railways.
(2) "Marine insurance" does not include:
(i) life insurance, surety bonds, or insurance against loss because
of bodily injury to a person arising out of ownership, maintenance, or use of an
automobile; or
(ii) insurance against loss or damage to buildings that are
instrumentalities of transportation and communication, their furniture and
furnishings, and fixed contents and supplies stored in the buildings.
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