Code of Maryland Regulations
Title 31 - MARYLAND INSURANCE ADMINISTRATION
Subtitle 10 - HEALTH INSURANCE-GENERAL
Chapter 31.10.13 - Return of Premium, Cash Surrender, or Other Nonforfeiture Benefits in Health Insurance Policies
Section 31.10.13.03 - Purpose
Universal Citation: MD Code Reg 31.10.13.03
Current through Register Vol. 51, No. 19, September 20, 2024
The purpose of this chapter is to serve the interests of continuing policyholders and to afford reasonable protection to the interests of those policyholders who are forced to discontinue their policies prematurely by regulating the design of the policies in a manner which is equitable to the policyholder and which provides benefits reasonable in relation to the premium charged and which provides benefits of economic value to the insured.
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