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Code · Maryland · Insurance

§ 16-214

77 words·~1 min read·/md/insurance/16-214

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§16–214.
A policy of life insurance may include a rider or supplemental policy provision that offers an insured or certificate holder reimbursement or payment for long-term home health care or long-term care in a nursing home or other related institution:
(1)instead of or in addition to benefits payable because of the death of the insured or certificate holder; or
(2)instead of all or part of the cash surrender or other nonforfeiture value of the policy.
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