§ 18–116
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 18-116 (2026)
Title 18. Long-Term Care Insurance
Subtitle 1
§ 18–116LinkCopy Citation
(a)
Except as provided in subsection (b) of this section, a premium increase under long-term care insurance may not be based on the age of the insured or certificate holder.
(b)
A carrier may impose an across-the-board premium increase on policies or contracts of long-term care insurance that the carrier issues or delivers in the State after the carrier:
(1)
submits to the Commissioner an actuarial memorandum that supports the proposed premium increase; and
(2)
obtains the approval of the Commissioner.
(c)
This section does not prohibit age-banding.