# Insurance (GIN)

## Title 16. Life Insurance and Annuities

### Subtitle 5. Maryland Standard Nonforfeiture Law for Individual Deferred Annuities

#### Section 16-501

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 Sec. 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.

---

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