|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ch. 18
|
|
2002 LAWS OF MARYLAND
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(3) "Property insurance" does not include insurance against legal
liability for loss or damage to real or personal property.
(hh) "Reciprocal insurance" means insurance that arises from an exchange
among subscribers of mutual agreements of indemnity and that is effected through an
attorney in fact common to the subscribers.
(ii) "Reciprocal insurer" means an unincorporated aggregation of subscribers
that operate individually and collectively through an attorney in fact to provide
reciprocal insurance.
(jj) "Reinsurance" means a contract under which an insurer obtains insurance
for itself from another insurer for all or part of an insurance risk.
(kk) "Sell" means to exchange a contract of insurance by any means, for money
or its equivalent, on behalf of an insurer.
(11) "Solicit" means to attempt to sell insurance or to ask or urge a person to
apply for a particular kind of insurance from a particular insurer.
(mm)Except as otherwise expressly provided in this article, "state" means;
(1) a state, possession, territory, or commonwealth of the United States;
or
(2) the District of Columbia.
(nn) "Stock insurer" means an insurer that is incorporated with capital that is
divided into shares and owned by its stockholders.
(oo) "Surety insurance" includes:
(1) fidelity insurance, which is insurance that guarantees the fidelity of
persons that hold positions of public or private trust;
(2) insurance that guarantees the performance of contracts other than
insurance contracts;
(3) insurance that guarantees the execution of bonds, undertakings, and
contracts of suretyship; and
(4) insurance that indemnifies banks, bankers, brokers, or financial
corporations or associations against loss from any cause of bills of exchange, notes,
bonds, securities, evidences of debt, deeds, mortgages, warehouse receipts, other
valuable papers, documents, money, precious metals, articles made from precious
metals, jewelry, watches, necklace's, bracelets, gems, and precious and semi-precious
stones, including loss during transportation by messenger or in armored motor
vehicles, but not against other risks of transportation or navigation, and insurance
against loss or damage to a bank's, banker's, broker's, or financial corporation's or
association's premises or 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.
|
|
|
|
|
|
|
|
|
|
- 102 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
