Current with changes from the 2024 Legislative Session
Section 17-101 - Definitions(a) In this subtitle the following words have the meanings indicated.(b) "Fleet policy" means an insurance policy issued for a fleet of vehicles that provides coverage that is not based on a schedule of individual vehicles at the time the policy is issued.(c) "Lapse" and "termination" mean a lapse or termination of required security, as defined in regulations adopted by the Administration.(d) "Required security" means security in the form and providing for the minimum benefits required: (1) For a vehicle registered in the State, under this subtitle or any other provisions of the Maryland Vehicle Law; or(2) For a vehicle registered in another jurisdiction, under the laws of that jurisdiction.Amended by 2017 Md. Laws, Ch. 345,Sec. 1, eff. 10/1/2017.