§ 16-107. Contestability and liability restrictions of reinstated policies and contracts
West's Annotated Code of MarylandInsurance
MD Code, Insurance, § 16-107
§ 16-107. Contestability and liability restrictions of reinstated policies and contracts
(a) A reinstated policy of life insurance or reinstated annuity contract may be contested on account of fraud or misrepresentation of facts material to the reinstatement only for the same period after reinstatement and with the same conditions and exceptions as the policy or annuity contract provides with respect to contestability after original issue.
(b)(1) A reinstated policy of life insurance or reinstated annuity contract may exclude or restrict liability to the same extent that liability might have been or was excluded or restricted when the policy or annuity contract originally was issued.
Credits
Added by Acts 1996, c. 11, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, § 412.
MD Code, Insurance, § 16-107, MD INSURANCE § 16-107
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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