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 31.10.13.06 - Type 1 Benefit
Universal Citation: MD Code Reg 31.10.13.06
Current through Register Vol. 51, No. 19, September 20, 2024
Provision for a withdrawal benefit in connection with a nondeferred benefit, Type 1, is not required. However, provision for a withdrawal benefit in connection with a Type 1 benefit may be used at the insurer's option, if any payment under it is not greater than an amount corresponding to a reserve which might properly be held at the time of withdrawal with respect to the Type 1 benefit to which it is related.
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