Code of Maryland Regulations
Title 31 - MARYLAND INSURANCE ADMINISTRATION
Subtitle 09 - LIFE INSURANCE AND ANNUITIES
Chapter 31.09.02 - Variable Life Insurance
Section 31.09.02.01 - Authority and Purpose
Universal Citation: MD Code Reg 31.09.02.01
Current through Register Vol. 51, No. 19, September 20, 2024
This chapter, applicable to variable life insurance policies, is promulgated under authority of Insurance Article, 2-109 and 16-601-----16-603, Annotated Code of Maryland. The issuance or delivery of life insurance policies on a variable basis in Maryland in any manner not in compliance with this chapter shall be deemed contrary to the requirements of Insurance Article, 16-601-----16-603, Annotated Code of Maryland, and, further, shall be deemed to constitute the transaction of insurance business hazardous to policyholders and the public and contrary to the public interest.
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