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§ 27-211. Insurance as inducement of purchase of goods, securities, commodities, or services

West's Annotated Code of MarylandInsuranceEffective: July 1, 2023

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)
Effective: July 1, 2023
MD Code, Insurance, § 27-211
§ 27-211. Insurance as inducement of purchase of goods, securities, commodities, or services
Currentness
Application of section
(a) This section does not apply to:
(1) insurance on the life of a debtor in connection with a specific loan or other credit transaction;
(2) insurance on a debtor that provides indemnity for payments that are due on a specific loan or other credit transaction while the debtor is disabled as defined in the policy; or
(3) 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.
Insurance as inducement of purchase of goods, securities, commodities, or services
(b) An insurer may not directly or indirectly, or by an insurance producer or representative of the insurer, participate in a plan to offer or effect a kind or kinds of life insurance, health insurance, or annuities in the State as an inducement to, or in combination with, the purchase by the public of goods, securities, commodities, services or subscriptions to periodicals.

Credits

Added by Acts 1997, c. 35, § 2, eff. Oct. 1, 1997. Amended by Acts 1999, c. 578, § 1, eff. June 1, 1999; Acts 2001, c. 731, § 1, eff. July 2, 2001; Acts 2023, c. 38, § 1, eff. July 1, 2023.
Formerly Art. 48A, § 224A.
MD Code, Insurance, § 27-211, MD INSURANCE § 27-211
Current through legislation effective through June 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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