§ 16-203. Incontestability provisions
West's Annotated Code of MarylandInsurance
MD Code, Insurance, § 16-203
§ 16-203. Incontestability provisions
(a) Each policy of life insurance shall contain a provision that the policy is incontestable, except for nonpayment of premiums, after the policy has been in force during the lifetime of the insured for 2 years after its date of issue.
(b) The incontestability provision described in subsection (a) of this section does not apply to policy provisions that relate to disability benefits or to additional benefits for death by accident or accidental means.
(c) A provision in a policy of life insurance that provides that the policy is incontestable after a specified period:
Credits
Added by Acts 1996, c. 11, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, §§ 390, 400.
MD Code, Insurance, § 16-203, MD INSURANCE § 16-203
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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