Code of Maryland Regulations
Title 31 - MARYLAND INSURANCE ADMINISTRATION
Subtitle 15 - UNFAIR TRADE PRACTICES
Chapter 31.15.03 - Life Insurance Disclosure
Section 31.15.03.01 - Purpose
Universal Citation: MD Code Reg 31.15.03.01
Current through Register Vol. 51, No. 19, September 20, 2024
A. The purpose of this chapter is to require carriers to deliver to purchasers of life insurance information which will improve the purchaser's:
(1) Ability to select the most appropriate plan of life insurance for the purchaser's needs; and
(2) Understanding of the basic features of the policy which has been purchased or which is under consideration.
B. This chapter does not prohibit the use of additional material which is not in violation of this chapter or any other Maryland regulation or statute.
Disclaimer: These regulations may not be the most recent version. Maryland may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
