§ 18–108
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 18-108 (2026)
Title 18. Long-Term Care Insurance
Subtitle 1
§ 18–108LinkCopy Citation
(a)
If long-term care benefits are part of a life insurance policy or rider, the carrier shall provide a policy summary at the time of policy delivery.
(b)
The policy summary required to be delivered under subsection (a) of this section shall include:
(1)
information required to be included in an outline of coverage under § 18-106 of this title;
(2)
an explanation of how the long-term care benefits interact with other components of the life insurance policy, including deductions from death benefits;
(3)
an illustration of the amount of benefits, length of benefit, and guaranteed lifetime benefits if any, for each covered individual;
(4)
any exclusions, reductions, or limitations on benefits of long-term care; and
(5)
if applicable to the policy type:
(i)
a disclosure of the effects of exercising other rights under the policy;
(ii)
a disclosure of guarantees related to long-term care costs of insurance charges; and
(iii)
current and projected maximum lifetime benefits.