Maryland Statutes
Insurance
Title 16 - Life Insurance and Annuities

Section 16-107 - Contestability and Liability of Reinstated Policies and Contracts - (a) A reinstated policy of life insurance or reinstated annuity...

Section 16-108 - Holding Proceeds - (a) A life insurer may hold under agreement the proceeds...

Section 16-109 - Interest on Benefits Payable - (a) Except as provided in subsection (b) of this section,...

Section 16-110 - Payment of Proceeds Without Letters of Administration - (a) If a resident of the State dies intestate and...

Section 16-111 - Proceeds Exempt From Creditors - (a) The proceeds of a policy of life insurance or...

Section 16-112 - Prohibited Agreements or Plans - A life insurer may not deliver in the State, as...

Section 16-113 - Funding Agreements - (a) Subject to the approval of the Commissioner, an insurer...

Section 16-114 - Charitable Gift Annuities - (a) In this section, “community foundation” means a nonprofit organization...

Section 16-115 - Business of Burial Insurance - (a) A person who engages in the business of burial...

Section 16-116 - Public Entity - (a) In this section, “public entity” means: (1) a political...

Section 16-117 - Retained Asset Accounts - (a) In this section, “retained asset account” means any mechanism...

Section 16-118 - Failure to Search Death Master File - (a) (1) In this section the following words have the...

Section 16-119 - Life Insurance on the Life of a Minor - (a) (1) A life insurer may refuse an application for...

Section 16-120 - Maintenance of Records of Insurance Transactions - Except as otherwise provided in this title, an insurer shall...

Subtitle 2 - Life Insurance Policy Provisions

Section 16-201 - Standard Provisions Required; Exceptions - (a) Except as otherwise provided in this section, a policy...

Section 16-202 - Grace Period - (a) (1) Each policy of life insurance shall contain a...

Section 16-203 - Incontestability - (a) Each policy of life insurance shall contain a provision...

Section 16-204 - Contract Between Parties; Effect of Statements in Application - (a) Each policy of life insurance shall contain a provision...

Section 16-205 - Misstatement of Age - (a) Each policy of life insurance shall contain a provision...

Section 16-206 - Dividends - (a) (1) Each participating ordinary life insurance policy shall contain...

Section 16-207 - Policy Loans - (a) This section does not apply to: (1) term policies;...

Section 16-208 - Policy Loan Interest Rates - (a) (1) In this section the following words have the...

Section 16-209 - Table of Installment Benefits - If a policy of life insurance provides that the proceeds...

Section 16-210 - Reinstatement - (a) Each policy of life insurance shall contain a provision...

Section 16-211 - Payment of Benefits - (a) Each policy of life insurance shall contain a provision...

Section 16-212 - Designation of Beneficiary - (a) (1) Each policy of life insurance shall have the...

Section 16-213 - Brief Description of Policy - (a) A policy of life insurance other than a policy...

Section 16-214 - Long-Term Care - A policy of life insurance may include a rider or...

Section 16-215 - Limitation of Liability for Death - (a) Except as otherwise provided in this section, a policy...

Section 16-216 - Prohibited Policy Provisions - (a) Subject to subsection (b) of this section, a policy...

Section 16-217 - Required Provisions for Wholesale Life Insurance Policies - A policy of wholesale life insurance may not be delivered...

Section 16-218 - Permitted Riders and Provisions - A policy of life insurance may include a rider or...

Section 16-219 - Notice to Policyholders of Universal or Variable Life Insurance - (a) (1) If a policy of universal or variable life...

Subtitle 3 - Maryland Standard Nonforfeiture Law for Life Insurance

Section 16-301 - Scope of Subtitle; Applicability of Subtitle - (a) This subtitle does not apply to: (1) reinsurance; (2)...

Section 16-302 - Operative Date of Subtitle - The operative date of this subtitle is: (1) a date...

Section 16-303 - Required Policy Provisions - (a) Subject to § 16-304(a) of this subtitle, a policy...

Section 16-304 - Inapplicable Provisions; Deferral of Payment of Cash Surrender Value - (a) Any provision required under § 16-303(b) through (g) of...

Section 16-305 - Cash Surrender Value - (a) On default of a premium payment due on a...

Section 16-306 - Paid-Up Nonforfeiture Benefit After Premium in Default - On default of a premium payment due on a policy...

Section 16-307 - Adjusted Premiums -- Policies Issued Before Operative Date of 16-309 - (a) This section does not apply to a policy of...

Section 16-308 - Adjusted Premiums -- Applicable Tables - (a) This section does not apply to a policy of...

Section 16-309 - Adjusted Premiums -- Policies Issued After Operative Date of Section - (a) (1) In this section the following words have the...

Section 16-310 - Plans to Which 16-303 Through 16-309 Not Applicable - (a) This section applies to a plan of life insurance:...

Section 16-311 - Miscellaneous Calculation Provisions - (a) On default of a premium payment due on a...

Section 16-312 - Cash Surrender Values -- Policies Issued on or After January 1, 1986 - (a) This section applies to policies of life insurance issued...

Section 16-313 - Short Title - This subtitle is the Maryland Standard Nonforfeiture Law for Life...

Subtitle 4 - Annuity and Pure Endowment Contract Provisions

Section 16-401 - Standard Provisions Required; Exceptions - (a) Except as otherwise provided in this section, an annuity...

Section 16-402 - Grace Period - (a) Each annuity contract and each pure endowment contract shall...

Section 16-403 - Incontestability - (a) Subject to § 16-405 of this subtitle, if a...

Section 16-404 - Contract Between Parties - Each annuity contract and each pure endowment contract shall contain...

Section 16-405 - Misstatement of Age or Sex - (a) Each annuity contract and each pure endowment contract shall...

Section 16-406 - Dividends - (a) (1) Each participating annuity contract and each participating pure...

Section 16-407 - Reinstatement - (a) Each annuity contract and each pure endowment contract shall...

Section 16-408 - Required Provisions for Reversionary Annuity Contracts - (a) A contract for a reversionary or survivorship annuity may...

Section 16-409 - Rider or Supplemental Contract Provision - An annuity contract may include a rider or supplemental contract...

Subtitle 5 - Maryland Standard Nonforfeiture Law for Individual Deferred Annuities

Section 16-501 - Scope of Subtitle - This subtitle does not apply to: (1) reinsurance; (2) a...

Section 16-502 - Operative Date of Subtitle - The operative date of this subtitle is: (1) a date...

Section 16-503 - Required Contract Provisions - (a) An annuity contract may not be delivered or issued...

Section 16-504 - Minimum Nonforfeiture Amounts - (a) The minimum values specified under §§ 16-505 through 16-509...

Section 16-505 - Paid-Up Annuity Benefits - (a) Any paid-up annuity benefit available under an annuity contract...

Section 16-506 - Contracts With Cash Surrender Benefits - (a) This section applies only to annuity contracts that provide...

Section 16-507 - Contracts Without Cash Surrender Benefits - (a) This section applies only to annuity contracts that do...

Section 16-508 - Contracts With Optional Maturity Dates - (a) This section applies to a determination of the benefits...

Section 16-509 - Miscellaneous Calculation Provisions - (a) Any paid-up annuity, cash surrender, or death benefits available...

Section 16-510 - Short Title - This subtitle is the Maryland Standard Nonforfeiture Law for Individual...

Subtitle 6 - Variable Contracts

Section 16-601 - Authority to Issue Variable Contracts - (a) (1) A stock insurer or mutual insurer may issue...

Section 16-602 - Investments of Segregated Asset Accounts - (a) (1) A segregated asset account may invest in any...

Section 16-603 - Contract Form Subject to Approval; Required Policy Provisions - (a) A variable life insurance policy or variable annuity contract...

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Maryland Statutes Insurance Title 16 - Life Insurance and Annuities

Maryland Statutes
Insurance
Title 16 - Life Insurance and Annuities