Code of Maryland Regulations
Title 31 - MARYLAND INSURANCE ADMINISTRATION
Subtitle 09 - LIFE INSURANCE AND ANNUITIES
Chapter 31.09.16 - Accelerated Benefits
Section 31.09.16.09 - Waiver of Premiums

Universal Citation: MD Code Reg 31.09.16.09

Current through Register Vol. 51, No. 19, September 20, 2024

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.

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