§ 27-904. Reduction of annuity payments due to increase in Social Security payments prohibited
West's Annotated Code of MarylandInsurance
MD Code, Insurance, § 27-904
§ 27-904. Reduction of annuity payments due to increase in Social Security payments prohibited
An annuity contract may not contain a provision that reduces payments to an individual entitled to receive annuity payments under the contract because the individual receives an increase in Social Security payments.
Credits
Added by Acts 1997, c. 35, § 2, eff. Oct. 1, 1997.
Formerly Art. 48A, § 240H.
MD Code, Insurance, § 27-904, MD INSURANCE § 27-904
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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