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§ 16-501. Application of subtitle

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 16. Life Insurance and Annuities
Subtitle 5. Maryland Standard Nonforfeiture Law for Individual Deferred Annuities (Refs & Annos)
MD Code, Insurance, § 16-501
§ 16-501. Application of subtitle
Currentness
This subtitle does not apply to:
(1) reinsurance;
(2) a group annuity purchased under a retirement plan or deferred compensation plan established or maintained by an employer, including a partnership or sole proprietorship, or employee organization, or by both, other than a plan that provides individual retirement accounts or individual retirement annuities under § 408 of the Internal Revenue Code;
(3) a premium deposit fund;
(4) a variable annuity;
(5) an investment annuity;
(6) an immediate annuity;
(7) a deferred annuity contract after annuity payments have begun;
(8) a reversionary annuity; or
(9) an annuity contract that is delivered outside the State through an insurance producer or other representative of the insurer issuing the contract.

Credits

Added by Acts 1996, c. 11, § 1, eff. Oct. 1, 1997. Amended by Acts 2001, c. 731, § 1, eff. July 2, 2001.
Formerly Art. 48A, § 408B.
MD Code, Insurance, § 16-501, MD INSURANCE § 16-501
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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