A. In this chapter the following term has the meaning indicated.
B. Commercial Insurance Defined.
(1) “Commercial insurance” means property insurance or casualty insurance:
(a) Issued to an individual, sole proprietor, partnership, corporation, limited liability company, or similar entity; and
(b) Intended to insure against loss arising from the business pursuits of the insured entity.
(2) “Commercial insurance” does not include:
(a) A policy issued by the Maryland Automobile Insurance Fund;
(b) A policy issued by the Joint Insurance Association;
(c) Workers’ compensation insurance; or
(d) Title Insurance.