§ 16-211. Payment of benefits upon death of insured
West's Annotated Code of MarylandInsurance
MD Code, Insurance, § 16-211
§ 16-211. Payment of benefits upon death of insured
(a) Each policy of life insurance shall contain a provision that when benefits become payable because of the death of the insured, settlement shall be made on receipt of proof of death and, at the insurer's option, on surrender of the policy, proof of the interest of the claimant, or both.
Credits
Added by Acts 1996, c. 11, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, § 397.
MD Code, Insurance, § 16-211, MD INSURANCE § 16-211
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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