31.08.17.02

.02 Definitions.

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.