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Maryland Code, Insurance § 16-103

Current as of January 01, 2025 | Updated by Findlaw Staff

A life insurer may not:

(1) issue or deliver in the State a policy of life insurance or an annuity contract that provides for the payment of an assessment by a policyholder or member in addition to the premium stated in the policy or annuity contract to be charged for the life insurance or annuity; or

(2) levy or collect an assessment prohibited by item (1) of this section.

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Cite this article: FindLaw.com - Maryland Code, Insurance § 16-103 - last updated January 01, 2025 | https://codes.findlaw.com/md/insurance/md-code-insurance-sect-16-103/

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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