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§ 16-603. Filing and approval of form by Commissioner

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 16. Life Insurance and Annuities
Subtitle 6. Variable Contracts (Refs & Annos)
MD Code, Insurance, § 16-603
§ 16-603. Filing and approval of form by Commissioner
Currentness
In general
(a) A variable life insurance policy or variable annuity contract may not be delivered or issued for delivery in the State until the form of the policy or annuity contract has been filed with and approved by the Commissioner.
Regulations relating to grace periods, reinstatement, and nonforfeiture provisions
(b) By regulation, the Commissioner shall determine the grace, reinstatement, and nonforfeiture provisions and other required policy provisions that are appropriate to variable life insurance contracts and variable annuity contracts.

Credits

Added by Acts 1996, c. 11, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, § 362.
MD Code, Insurance, § 16-603, MD INSURANCE § 16-603
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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