§ 16-212. Name of beneficiary designated on the policy
West's Annotated Code of MarylandInsurance
MD Code, Insurance, § 16-212
§ 16-212. Name of beneficiary designated on the policy
(a)(1) Each policy of life insurance shall have the name of the beneficiary designated on the policy, or in the application or another form if attached to the policy, with a reservation of the right to designate or change the beneficiary after the policy is issued, unless the beneficiary is irrevocably designated.
(b)(1) Subject to paragraph (2) of this subsection, a policy of life insurance may provide that the insurer may make a payment under the policy to:
Credits
Added by Acts 1996, c. 11, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, § 398.
MD Code, Insurance, § 16-212, MD INSURANCE § 16-212
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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