# Insurance (GIN)

## Title 16. Life Insurance and Annuities

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

#### Section 16-508

(a) This section applies to a determination of the benefits calculated under Sec. 16-506 or Sec. 16-507 of this subtitle for an annuity contract that allows an election to have annuity payments begin at optional maturity dates.

(b) The maturity date of an annuity contract described in subsection (a) of this section shall be deemed to be the latest date for which an election is allowed under the contract, but may not be later than the later of the contract anniversary immediately following the annuitant's 70th birthday or the tenth anniversary of the contract.

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