Maryland Code > INSURANCE > Title 12 > Subtitle 3 – Property and Motor Vehicle Liability Insurance


§ 12-301	Insurable interest in property required
§ 12-302	Guardian authorized to insure minor’s property
§ 12-303	Effect of death of insured
§ 12-304	Certificate on property of borrower
§ 12-305	Motor vehicle liability insurance – Mandatory settlement of property damage claim
§ 12-306	Motor vehicle liability insurance – Effect of settlement of property damage claim

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Adult: means an individual at least 18 years old. See
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.
Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
including: means includes or including by way of illustration and not by way of limitation. See
minor: means an individual under the age of 18 years. 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
Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.