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 31.10.13.04 - Construction
Universal Citation: MD Code Reg 31.10.13.04
Current through Register Vol. 51, No. 19, September 20, 2024
The classification in Regulation .02 of this chapter applies to the benefit rather than to the policy. A policy may contain benefits of more than one type. Benefits of Type 2 and Type 3 are deemed supplementary to Type 1 benefits. Premiums for Type 2 benefits and Type 3 benefits are normally payable at the same time as premiums for other benefits of the policy, but payments of Type 2 and and Type 3 benefits will normally be made only after the passage of a considerable period of time.
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