§ 11-321. Definitions

Latest version.

(a) In general. -- In Part IV of this subtitle the following words have the meanings indicated.

(b) Affiliate. -- "Affiliate" has the meaning stated in § 7-101 of this article.

(c) Major insurer. -- "Major insurer" means an insurer or affiliate or subsidiary of that insurer that has written an amount of private passenger premium in the State that totals 1% or more of the total premium of private passenger premium written in the State by all insurers, including the Maryland Automobile Insurance Fund.

(d) Private passenger premium. -- "Private passenger premium" means the direct written premium derived from the sale of private passenger motor vehicle insurance policies in a calendar year.

(e) Subsidiary. -- "Subsidiary" has the meaning stated in § 7-101 of this article.

HISTORY: An. Code 1957, art. 48A, § 245; 1997, ch. 35, § 2; 1999, ch. 201; 2001, ch. 625.

                    
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