(a) In order to provide for full and fair disclosure in the sale of Medicare supplement policies, a Medicare supplement policy or certificate may not be delivered in the State unless an outline of coverage is provided to the applicant at the time the application is delivered.
(b) (1) In this subsection, “format” means style, arrangements, and overall appearance, including the size, color, and prominence of type and arrangement of text and captions.
(2) The Commissioner shall prescribe the format and content of the outline of coverage required by this section.
(3) The outline of coverage shall include:
(i) a description of the principal benefits and coverage provided in the Medicare supplement policy;
(ii) a statement of the exceptions, reductions, and limitations contained in the Medicare supplement policy;
(iii) a statement of the renewal provisions, including any reservation by the carrier of a right to change premiums;
(iv) disclosure of the existence of any automatic renewal premium increases based on the policyholder’s age; and
(v) a statement that the outline of coverage is a summary of the Medicare supplement policy that is issued or applied for and that the Medicare supplement policy should be consulted to determine governing contractual provisions.
Structure Maryland Statutes
Subtitle 9 - Medicare Supplement Act
Section 15-902 - Legislative Intent
Section 15-903 - Scope of Subtitle
Section 15-904 - Compliance With Subtitle Required; Medicare Select Program
Section 15-905 - Restoration of Benefits
Section 15-906 - Policy Provisions
Section 15-907 - Mammography Screening
Section 15-908 - Approval of Additional Benefits
Section 15-910 - Return of Policy; Refund
Section 15-911 - Minimum Loss Ratio Standards for Policies
Section 15-912 - Specific Standards for Policy Provisions
Section 15-913 - Prohibited Policy Provisions
Section 15-914 - Other Minimum Standards
Section 15-915 - Conformity With Federal Law
Section 15-916 - Medicare Supplement Buyer's Guide
Section 15-917 - Outline of Coverage
Section 15-918 - Informational Brochure
Section 15-919 - Required Statements to Prospective Buyers
Section 15-920 - Caption and Notice Requirements
Section 15-921 - Disclosure of Information About Replacement of Policies
Section 15-922 - Compensation of Insurance Producer and Other Representatives
Section 15-923 - Review of Policy Advertisements
Section 15-925 - Prohibited Solicitations
Section 15-926 - Information to Health Care Financing Administration