§ 16-105. Right to surrender policy or annuity contract for cancellation
West's Annotated Code of MarylandInsurance
MD Code, Insurance, § 16-105
§ 16-105. Right to surrender policy or annuity contract for cancellation
(a) This section does not apply to policies or contracts issued to an employee in connection with the funding of a pension, annuity, or profit-sharing plan that is qualified or exempt under § 401, § 403, § 404, or § 501 of the Internal Revenue Code, if participation in the plan is a condition of employment.
(b) Each policy of life insurance or annuity contract subject to this title shall have attached to or prominently printed on its face the following information:
Credits
Added by Acts 1996, c. 11, § 1, eff. Oct. 1, 1997. Amended by Acts 1997, c. 57, § 2, eff. Oct. 1, 1997; Acts 1997, c. 70, § 7, eff. Oct. 1, 1997.
Formerly Art. 48A, § 387C.
MD Code, Insurance, § 16-105, MD INSURANCE § 16-105
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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