Maryland Statutes
Title 18 - Long-Term Care Insurance
Section 18-108 - Summaries of Long-Term Care Benefits in Life Insurance Policies

(a)    If long-term care benefits are part of a life insurance policy or rider, the carrier shall provide a policy summary at the time of policy delivery.
    (b)    The policy summary required to be delivered under subsection (a) of this section shall include:
        (1)    information required to be included in an outline of coverage under § 18-106 of this title;
        (2)    an explanation of how the long-term care benefits interact with other components of the life insurance policy, including deductions from death benefits;
        (3)    an illustration of the amount of benefits, length of benefit, and guaranteed lifetime benefits if any, for each covered individual;
        (4)    any exclusions, reductions, or limitations on benefits of long-term care; and
        (5)    if applicable to the policy type:
            (i)    a disclosure of the effects of exercising other rights under the policy;
            (ii)    a disclosure of guarantees related to long-term care costs of insurance charges; and
            (iii)    current and projected maximum lifetime benefits.

Structure Maryland Statutes