§ 12–207
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 12-207 (2026)
Title 12. Policy Forms and Provisions
Subtitle 2. Life and Health Insurance and Annuities
§ 12–207LinkCopy Citation
(a)
Each statement by or on behalf of the insured or annuitant in an application for the issuance, renewal, or reinstatement of a life insurance or health insurance policy or annuity contract is considered to be a representation and not a warranty.
(b)
A misrepresentation, omission, concealment of facts, or incorrect statement does not prevent a recovery under the policy or contract unless:
(1)
the misrepresentation, omission, concealment, or statement is fraudulent or material to the acceptance of the risk or to the hazard that the insurer assumes; or
(2)
if the correct facts had been made known to the insurer, as required by the application for the policy or contract or otherwise, the insurer in good faith would not have:
(i)
issued, reinstated, or renewed the policy or contract;
(ii)
issued the policy or contract in as large an amount or at the same premium or rate; or
(iii)
provided coverage with respect to the hazard resulting in the loss.