§ 18-106. Delivery of outline of coverage and buyer's guide to applicants
West's Annotated Code of MarylandInsuranceEffective: June 1, 2009
Effective: June 1, 2009
MD Code, Insurance, § 18-106
§ 18-106. Delivery of outline of coverage and buyer's guide to applicants
(a)(1) A carrier shall provide to each applicant an outline of coverage and buyer's guide.
(b) The outline of coverage shall include:
(c) The buyer's guide shall include information about buying a policy of long-term care insurance, including a reference to the right of the buyer to cancel a policy during the first 30 days after the policy is delivered.
(d) A carrier shall provide an applicant with a graphic comparison, over a period of at least 20 years, of the benefit levels of a policy that increases benefits over the policy or certificate period compared to the benefit levels of a policy that does not increase benefits.
Credits
Added by Acts 1997, c. 35, § 2, eff. Oct. 1, 1997. Amended by Acts 1997, c. 70, § 14, eff. June 1, 2009; Acts 2001, c. 731, § 1, eff. July 2, 2001; Acts 2007, c. 28, § 1, eff. June 1, 2007; Acts 2007, c. 29, § 1, eff. June 1, 2007; Acts 2009, c. 597, § 1, eff. June 1, 2009; Acts 2009, c. 598, § 1, eff. June 1, 2009.
Formerly Art. 48A, § 647.
MD Code, Insurance, § 18-106, MD INSURANCE § 18-106
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.
End of Document |