§ 16–214
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 16-214 (2026)
Title 16. Life Insurance and Annuities
Subtitle 2. Life Insurance Policy Provisions
§ 16–214LinkCopy Citation
A policy of life insurance may include a rider or supplemental policy provision that offers an insured or certificate holder reimbursement or payment for long-term home health care or long-term care in a nursing home or other related institution:
(1)
instead of or in addition to benefits payable because of the death of the insured or certificate holder; or
(2)
instead of all or part of the cash surrender or other nonforfeiture value of the policy.