A life insurer may not:
(1) issue or deliver in the State a policy of life insurance or an annuity contract that provides for the payment of an assessment by a policyholder or member in addition to the premium stated in the policy or annuity contract to be charged for the life insurance or annuity; or
(2) levy or collect an assessment prohibited by item (1) of this section.
Structure Maryland Statutes
Title 16 - Life Insurance and Annuities
Subtitle 1 - General Provisions
Section 16-101 - Scope of Title
Section 16-102 - Wholesale Life Insurance Authorized
Section 16-103 - Assessable Life Insurance or Annuities Prohibited
Section 16-104 - Back-Dating Policies and Applications Prohibited
Section 16-105 - Right to Surrender Policy or Contract for Cancellation
Section 16-106 - Exchange, Alteration, or Conversion of Policies and Contracts
Section 16-107 - Contestability and Liability of Reinstated Policies and Contracts
Section 16-108 - Holding Proceeds
Section 16-109 - Interest on Benefits Payable
Section 16-110 - Payment of Proceeds Without Letters of Administration
Section 16-111 - Proceeds Exempt From Creditors
Section 16-112 - Prohibited Agreements or Plans
Section 16-113 - Funding Agreements
Section 16-114 - Charitable Gift Annuities
Section 16-115 - Business of Burial Insurance
Section 16-116 - Public Entity
Section 16-117 - Retained Asset Accounts
Section 16-118 - Failure to Search Death Master File
Section 16-119 - Life Insurance on the Life of a Minor
Section 16-120 - Maintenance of Records of Insurance Transactions