1. A. In this chapter the following term has the meaning indicated.

2. B. Commercial Insurance Defined.

   1. (1) “Commercial insurance” means property insurance or casualty insurance:

      1. (a) Issued to an individual, sole proprietor, partnership, corporation, limited liability company, or similar entity; and
      2. (b) Intended to insure against loss arising from the business pursuits of the insured entity.

   2. (2) “Commercial insurance” does not include:

      1. (a) A policy issued by the Maryland Automobile Insurance Fund;
      2. (b) A policy issued by the Joint Insurance Association;
      3. (c) Workers’ compensation insurance; or
      4. (d) Title Insurance.

Authority: Insurance Article, §§2-109 and 27-605, Annotated Code of Maryland

Effective date: March 17, 2014 (41:5 Md. R. 348)