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Code · Maryland · Insurance

§ 16-409

68 words·~1 min read·/md/insurance/16-409

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§16–409.
An annuity contract may include a rider or supplemental contract provision that offers a contract 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 the annuity benefits payable under the contract; or
(2)instead of all or part of the cash surrender or other nonforfeiture value of the contract.
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