§ 16–409
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 16-409 (2026)
Title 16. Life Insurance and Annuities
Subtitle 4. Annuity and Pure Endowment Contract Provisions
§ 16–409LinkCopy Citation
An annuity contract may include a rider or supplemental contract provision that offers a contract 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 the annuity benefits payable under the contract; or
(2)
instead of all or part of the cash surrender or other nonforfeiture value of the contract.