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Current as of January 01, 2025 | Updated by Findlaw Staff
Credit life insurance, credit health insurance, and credit involuntary unemployment benefit insurance shall be issued only in the following forms:
(1) an individual policy of life insurance issued to a debtor on a term plan;
(2) an individual policy of health insurance issued to a debtor on a term plan;
(3) a disability benefit provision in an individual policy of credit life insurance;
(4) an individual policy of involuntary unemployment benefit insurance issued to a debtor on a term plan;
(5) a group policy of life insurance issued to a creditor that provides insurance on the lives of debtors on the term plan;
(6) a group policy of health insurance issued to a creditor on a term plan that insures debtors;
(7) a disability benefit provision in a group policy of credit life insurance; or
(8) a group policy of involuntary unemployment benefit insurance issued to a creditor on a term plan that insures debtors.
Cite this article: FindLaw.com - Maryland Code, Insurance § 13-105 - last updated January 01, 2025 | https://codes.findlaw.com/md/insurance/md-code-insurance-sect-13-105/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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