§ 16-304
65 words·~1 min read·
/md/insurance/16-304A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§16–304.
(a)Any provision required under § 16-303(b) through
(g)of this subtitle may be omitted from a policy of life insurance to the extent that the provision does not apply under the insurance plan.
(b)The insurer shall reserve the right to defer the payment of any cash surrender value for up to 6 months after demand for payment with surrender of the policy.