Code of Maryland Regulations
Title 31 - MARYLAND INSURANCE ADMINISTRATION
Subtitle 15 - UNFAIR TRADE PRACTICES
Chapter 31.15.04 - Solicitation of Annuity and Deposit Fund Contracts
Section 31.15.04.02 - Purpose
Universal Citation: MD Code Reg 31.15.04.02
Current through Register Vol. 51, No. 19, September 20, 2024
A. The purpose of this chapter is to require insurers to deliver to prospects for annuity contracts or for deposit funds accepted in conjunction with life insurance policies or annuity contracts, information which helps the prospect select an annuity or deposit fund, or both, appropriate to the prospect's needs, improves the prospect's understanding of the basic features of the plan under consideration and improves the prospect's ability to evaluate the relative benefits of similar plans.
B. This chapter does not prohibit the use of additional material which is not in violation of this chapter or any other regulation or statute.
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