§ 16-110. Payment of proceeds without letters of administration
West's Annotated Code of MarylandInsurance
MD Code, Insurance, § 16-110
§ 16-110. Payment of proceeds without letters of administration
(a) If a resident of the State dies intestate and leaves an estate that consists of assets, including life insurance proceeds, in a total amount not exceeding $1,000, an insurer may pay the life insurance proceeds to the decedent's surviving spouse, child, or parent, without the grant of letters of administration, if the individual to whom payment is to be made provides the insurer with:
(b) The insurer may pay the share of a minor to an institution or to a relative of the minor, with custody of the minor, without requiring the institution or relative to be appointed the legal guardian of the minor.
Credits
Added by Acts 1996, c. 11, § 1, eff. Oct. 1, 1997. Amended by Acts 1997, c. 14, § 20, eff. April 8, 1997.
Formerly Art. 48A, § 382.
MD Code, Insurance, § 16-110, MD INSURANCE § 16-110
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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