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§ 16-214. Long-term care provisions

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 16. Life Insurance and Annuities
Subtitle 2. Life Insurance Policy Provisions (Refs & Annos)
MD Code, Insurance, § 16-214
§ 16-214. Long-term care provisions
A policy of life insurance may include a rider or supplemental policy provision that offers an insured or certificate holder reimbursement or payment for long-term home health care or long-term care in a nursing home or other related institution:
(1) instead of or in addition to benefits payable because of the death of the insured or certificate holder; or
(2) instead of all or part of the cash surrender or other nonforfeiture value of the policy.

Credits

Added by Acts 1996, c. 11, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, § 401A.
MD Code, Insurance, § 16-214, MD INSURANCE § 16-214
Current through all legislation from the 2022 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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