§ 16–501
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 16-501 (2026)
Title 16. Life Insurance and Annuities
Subtitle 5. Maryland Standard Nonforfeiture Law for Individual Deferred Annuities
§ 16–501LinkCopy Citation
This subtitle does not apply to:
(1)
reinsurance;
(2)
a group annuity purchased under a retirement plan or deferred compensation plan established or maintained by an employer, including a partnership or sole proprietorship, or employee organization, or by both, other than a plan that provides individual retirement accounts or individual retirement annuities under § 408 of the Internal Revenue Code;
(3)
a premium deposit fund;
(4)
a variable annuity;
(5)
an investment annuity;
(6)
an immediate annuity;
(7)
a deferred annuity contract after annuity payments have begun;
(8)
a reversionary annuity; or
(9)
an annuity contract that is delivered outside the State through an insurance producer or other representative of the insurer issuing the contract.