Maryland Statutes
Subtitle 2 - Life and Health Insurance and Annuities
Section 12-207 - Statements in Applications for Life or Health Insurance or Annuities

(a)    Each statement by or on behalf of the insured or annuitant in an application for the issuance, renewal, or reinstatement of a life insurance or health insurance policy or annuity contract is considered to be a representation and not a warranty.
    (b)    A misrepresentation, omission, concealment of facts, or incorrect statement does not prevent a recovery under the policy or contract unless:
        (1)    the misrepresentation, omission, concealment, or statement is fraudulent or material to the acceptance of the risk or to the hazard that the insurer assumes; or
        (2)    if the correct facts had been made known to the insurer, as required by the application for the policy or contract or otherwise, the insurer in good faith would not have:
            (i)    issued, reinstated, or renewed the policy or contract;
            (ii)    issued the policy or contract in as large an amount or at the same premium or rate; or
            (iii)    provided coverage with respect to the hazard resulting in the loss.

Structure Maryland Statutes