(a) Except as provided in subsection (b) of this section, all credit life insurance, all credit health insurance, and all credit involuntary unemployment benefit insurance are subject to this title.
(b) This title does not apply to insurance if:
(1) the insurance is in connection with a loan or other credit transaction for which premiums are payable for more than 10 years; or
(2) the issuance of the insurance is an isolated transaction by an insurer that is not related to an agreement or plan for insuring debtors of the creditor.
Structure Maryland Statutes
Title 13 - Credit Life, Health, and Involuntary Unemployment Benefit Insurance
Section 13-102 - Purpose and Construction of Title
Section 13-103 - Scope of Title
Section 13-104 - Issuance of Policies
Section 13-105 - Forms of Insurance
Section 13-106 - Amounts of Insurance
Section 13-107 - Term of Insurance
Section 13-108 - Individual Policies and Group Certificates
Section 13-109 - Delivery of Policy or Certificate to Debtor
Section 13-111 - Premium Rates
Section 13-114 - Option of Debtor to Provide Insurance
Section 13-115 - Insurance of Husband and Wife