§ 16-201
131 words·~1 min read·
/md/insurance/16-201A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§16–201.
(a)Except as otherwise provided in this section, a policy of life insurance may not be delivered or issued for delivery in the State unless it contains in substance each applicable provision required by §§ 16-202 through 16-213 of this subtitle.
(b)This section does not apply to:
(1)group life insurance;
(2)pure endowments;
(3)annuity contracts; or
(4)a provision of a policy of life insurance or contract supplemental to the policy that relates to disability benefits or to additional benefits for death by accident or accidental means.
(c)To the extent that a provision or part of a provision required by this subtitle does not apply to a single premium or term policy, the provision or part of the provision need not be included in the policy.