31.15.13.01

.01 Scope.

A. This chapter applies to:

(1) Commercial insurance as defined in Insurance Article, §27-601(b), Annotated Code of Maryland; and

(2) Workers’ compensation insurance for employers’ liability as set forth in Labor and Employment Article, Title 9, Annotated Code of Maryland.

B. This chapter does not apply to policies:

(1) Issued to exempt commercial policyholders, as defined in Insurance Article, §11-206(j), Annotated Code of Maryland;

(2) For which the renewal premium is:

(a) In excess of $1,000; and

(b) An increase over the expiring policy premium of the lesser of 3 percent or $300; or

(3) Of surplus lines insurance procured from a nonadmitted insurer under Insurance Article, Title 3, Subtitle 3, Annotated Code of Maryland.