Md. Code Regs. 31.09.16.09

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

Section 31.09.16.09 - Waiver of Premiums

A. The insurer may offer a waiver of premium for the accelerated benefit provision in the absence of a waiver of premium provision for the policy being in effect.

B. At the time the benefit is claimed, the insurer shall explain to the policy holder or certificate holder any continuing premium requirements to keep the policy in force.

Regulation .09 adopted effective 45:24 Md. R. 1164, eff. 12/6/2018