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Section 11-301 - Definitions — Maryland Law | CourtGPT
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  2. Laws/
  3. Maryland/
  4. Title 1 - Definitions; General Provisions/
  5. Title 11 - Insurance Rating Law/
  6. Subtitle 3 - Competitive Rating/
  7. Part I - Definitions; General Provisions/
  8. Section 11-301 - Definitions
Maryland Legal Code

Section 11-301 - Definitions

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(a) In this subtitle the following words have the meanings indicated. (b) 'Competitive market' means any market except those which, by application of the standards in § 11-306 of this subtitle, have been determined to be noncompetitive under § 11-308(c) of this subtitle. (c) 'Market' means the interaction between buyers and sellers of a particular line of insurance in a geographical area consisting of not less than one entire county.