A policy of a foreign insurer or alien insurer that is delivered or issued for delivery in the State may contain a provision that: is not less favorable to the insured or beneficiary than the provisions of this subtitle; and is required by the law of the state or country under which the foreign insurer or alien insurer is organized. A policy of a domestic insurer that is issued for delivery in another state or country may contain a provision that is allowed or required by the laws of the other state or country.