Terms Used In Maryland Code, INSURANCE 10-702

  • Contract: A legal written agreement that becomes binding when signed.
This subtitle does not apply to:

(1) a service contract governed by Title 14, Subtitle 4 of the Commercial Law Article that does not include coverage for loss by disappearance or theft;

(2) a policy of insurance covering a seller’s or a manufacturer’s obligations under a warranty; or

(3) a homeowner’s, renter’s, motor vehicle, or similar policy that covers loss or theft of portable electronics.