Md. Code Regs. 31.09.16.04

Current through Register Vol. 51, No. 24, December 2, 2024

Section 31.09.16.04 - Type of Product

A. Accelerated benefit riders and life insurance policies with accelerated benefit provisions are primarily mortality risks rather than morbidity risks.

B. The inclusion of terminal illness as a qualifying event shall be included in all accelerated benefit policies and riders.

Regulation .04 adopted effective 45:24 Md. R. 1164, eff. 12/6/2018