If a policy of life insurance provides that the proceeds may be paid in installments or as an annuity, the policy shall contain a provision that so states and shall include a table that shows the amount and period of the installment or annuity if determinable when the policy is issued.
Structure Maryland Statutes
Title 16 - Life Insurance and Annuities
Subtitle 2 - Life Insurance Policy Provisions
Section 16-201 - Standard Provisions Required; Exceptions
Section 16-203 - Incontestability
Section 16-204 - Contract Between Parties; Effect of Statements in Application
Section 16-205 - Misstatement of Age
Section 16-208 - Policy Loan Interest Rates
Section 16-209 - Table of Installment Benefits
Section 16-210 - Reinstatement
Section 16-211 - Payment of Benefits
Section 16-212 - Designation of Beneficiary
Section 16-213 - Brief Description of Policy
Section 16-214 - Long-Term Care
Section 16-215 - Limitation of Liability for Death
Section 16-216 - Prohibited Policy Provisions
Section 16-217 - Required Provisions for Wholesale Life Insurance Policies
Section 16-218 - Permitted Riders and Provisions
Section 16-219 - Notice to Policyholders of Universal or Variable Life Insurance