Maryland Statutes
Subtitle 5 - Maryland Standard Nonforfeiture Law for Individual Deferred Annuities
Section 16-501 - Scope of Subtitle

This subtitle does not apply to:
        (1)    reinsurance;
        (2)    a group annuity purchased under a retirement plan or deferred compensation plan established or maintained by an employer, including a partnership or sole proprietorship, or employee organization, or by both, other than a plan that provides individual retirement accounts or individual retirement annuities under § 408 of the Internal Revenue Code;
        (3)    a premium deposit fund;
        (4)    a variable annuity;
        (5)    an investment annuity;
        (6)    an immediate annuity;
        (7)    a deferred annuity contract after annuity payments have begun;
        (8)    a reversionary annuity; or
        (9)    an annuity contract that is delivered outside the State through an insurance producer or other representative of the insurer issuing the contract.

Structure Maryland Statutes