Code of Maryland Regulations
Title 31 - MARYLAND INSURANCE ADMINISTRATION
Subtitle 09 - LIFE INSURANCE AND ANNUITIES
Chapter 31.09.16 - Accelerated Benefits
Section 31.09.16.04 - Type of Product
Universal Citation: MD Code Reg 31.09.16.04
Current through Register Vol. 51, No. 19, September 20, 2024
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.
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