Maryland Code, Transportation § 17-101

(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: