Code of Maryland Regulations
Title 31 - MARYLAND INSURANCE ADMINISTRATION
Subtitle 04 - INSURERS
Chapter 31.04.17 - Filing of Forms for Approval
Section 31.04.17.16 - Use of Dividends
Universal Citation: MD Code Reg 31.04.17.16
Current through Register Vol. 51, No. 19, September 20, 2024
In a participating life insurance policy or certificate, if dividends may be used to purchase additional term or paid-up insurance, the policy shall specify the basis of the maximum charge for the purchase of this insurance.
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