Credit life insurance, credit health insurance, and credit involuntary unemployment benefit insurance shall be issued only in the following forms:
(1) an individual policy of life insurance issued to a debtor on a term plan;
(2) an individual policy of health insurance issued to a debtor on a term plan;
(3) a disability benefit provision in an individual policy of credit life insurance;
(4) an individual policy of involuntary unemployment benefit insurance issued to a debtor on a term plan;
(5) a group policy of life insurance issued to a creditor that provides insurance on the lives of debtors on the term plan;
(6) a group policy of health insurance issued to a creditor on a term plan that insures debtors;
(7) a disability benefit provision in a group policy of credit life insurance; or
(8) a group policy of involuntary unemployment benefit insurance issued to a creditor on a term plan that insures debtors.
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