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§ 8-611. Viatical settlement contracts statement

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 8. Entities that Act as Insurers
Subtitle 6. Viatical Settlement Providers and Viatical Settlement Brokers (Refs & Annos)
MD Code, Insurance, § 8-611
§ 8-611. Viatical settlement contracts statement
In general
(a) Viatical settlement contracts and applications for viatical settlement contracts shall contain the following statement or a substantially similar statement:
“Any person who knowingly presents false information in an application for insurance or an application for a viatical settlement contract has committed a fraudulent viatical settlement act and on conviction is subject to fines, imprisonment, or both, under § 27-408 of the Insurance Article of the Annotated Code of Maryland.”
Absence of statement not a defense
(b) The absence of a statement as required in subsection (a) of this section does not constitute a defense in any prosecution for a fraudulent viatical settlement act.

Credits

Added by Acts 2004, c. 275, § 1, eff. Oct. 1, 2004.
MD Code, Insurance, § 8-611, MD INSURANCE § 8-611
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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