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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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INSURANCE |
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TITLE 11. INSURANCE RATING LAW |
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SUBTITLE 3. COMPETITIVE RATING |
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PART I. DEFINITIONS; GENERAL PROVISIONS |
§ 11-301. Definitions
Latest version.
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(a) In general. -- In this subtitle the following words have the meanings indicated.
** REVISOR'S NOTE
This subsection is new language derived without substantive change from former Art. 48A, § 244A(a).
(b) Competitive market. -- "Competitive market" means any market except those which, by application of the standards in § 11-306 of this subtitle, have been determined to be noncompetitive under § 11-308(c) of this subtitle.
** REVISOR'S NOTE
This subsection is new language derived without substantive change from former Art. 48A, § 244A(b).
** DEFINED TERM:
"Market" § 11-301
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(c) Market. -- "Market" means the interaction between buyers and sellers of a particular line of insurance in a geographical area consisting of not less than one entire county.
REVISOR'S NOTE
This subsection is new language derived without substantive change from former Art. 48A, § 244A(c).
DEFINED TERMS:
"County" § 1-101
DEFINED TERMS:
"Insurance" § 1-101