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§ 16-103. Assessments in addition to payment of life insurance or annuity premiums prohibited

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 16. Life Insurance and Annuities
Subtitle 1. General Provisions (Refs & Annos)
MD Code, Insurance, § 16-103
§ 16-103. Assessments in addition to payment of life insurance or annuity premiums prohibited
Currentness
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.

Credits

Added by Acts 1996, c. 11, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, § 369.
MD Code, Insurance, § 16-103, MD INSURANCE § 16-103
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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