Maryland Code, INSURANCE 10-402
Terms Used In Maryland Code, INSURANCE 10-402
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Contract: A legal written agreement that becomes binding when signed.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- including: means includes or including by way of illustration and not by way of limitation. See
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
(1) an adjuster for or an insurance producer or employee of an insurer or group of insurers under common control or ownership that, as representative of the insurer or group, adjusts losses or damages under policies issued by the insurer or group;
(2) an insurance producer that acts as an adjuster without compensation for an insured for whom the insurance producer is acting as an insurance producer;
(3) an attorney at law who does not:
(i) regularly act as a public adjuster; and
(ii) represent to the public by sign, advertisement, or otherwise that the attorney at law acts as a public adjuster;
(4) a person who negotiates or settles claims arising under:
(i) a life, health, or motor vehicle insurance policy; or
(ii) an annuity contract;
(5) a person employed only for the purpose of obtaining facts surrounding a loss or furnishing technical assistance to a public adjuster, including a photographer, an estimator, a private investigator, an engineer, and a handwriting expert;
(6) a licensed health care provider, or an employee of a licensed health care provider, who prepares or files a health claim form on behalf of a patient; or
(7) a person who settles subrogation claims between insurers.