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Code · Maryland · Insurance

§ 16-103

70 words·~1 min read·/md/insurance/16-103

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§16–103.
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.
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