# Insurance (GIN)

## Title 16. Life Insurance and Annuities

### Subtitle 2. Life Insurance Policy Provisions

#### Section 16-219

(a)

  (1) If a policy of universal or variable life insurance contains a provision that allows a policyholder to reduce the face amount of the policy, the insurer shall provide a written notice to the policyholder.

  (2) The notice shall state:

    (i) that the policyholder's policy allows for a reduction of the face amount of the policy as an option to retain coverage;

    (ii) the amount to be paid to prevent the policy from lapse; and

    (iii) the insurer's customer service telephone number.

(b) The notice shall be sent to a policyholder's last known address:

  (1) at the beginning of the grace period under Sec. 16-202 of this subtitle; and

  (2) at least 30 days before termination of coverage.

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Md. Code Ann., Ins. (as displayed at mgaleg.maryland.gov, October 16, 2026)