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§ 27-218. Restrictions relating to burial insurance benefits

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 27. Unfair Trade Practices and Other Prohibited Practices (Refs & Annos)
Subtitle 2. Unfair Methods of Competition and Unfair and Deceptive Acts or Practices (Refs & Annos)
MD Code, Insurance, § 27-218
§ 27-218. Restrictions relating to burial insurance benefits
Currentness
Benefits paid in cash to beneficiary
(a) All burial insurance benefits shall be paid in cash to the beneficiary.
Payments or contracts to pay with morticians, funeral directors, or undertakers
(b) A person engaged in the business of burial insurance may not pay or contract to pay wholly or partly burial insurance or its benefits to:
(1) an official mortician, funeral director, or undertaker;
(2) a designated mortician, funeral director, undertaker, or funeral directing or undertaking concern; or
(3) a particular tradesperson or businessperson.
Pre-need contracts
(c) This section does not apply to life insurance or an annuity used to fund a pre-need contract as defined in § 7-101 of the Health Occupations Article or a preneed burial contract as defined in § 5-701 of the Business Regulation Article.

Credits

Added by Acts 1997, c. 35, § 2, eff. Oct. 1, 1997. Amended by Acts 1999, c. 578, § 1, eff. June 1, 1999.
Formerly Art. 48A, § 232.
MD Code, Insurance, § 27-218, MD INSURANCE § 27-218
Current through legislation effective through July 1, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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