Regulation .13 Prohibited Coverage.
Regulation .13 Prohibited Coverage.LinkCopy Citation
A.
Health Insurance Coverage Prohibited in Individual Life Insurance Policies. An ordinary or industrial life insurance policy may not include a health insurance benefit, except for the following types of benefits:
(1)
Long-term care coverage;
(2)
Accidental death and dismemberment coverage;
(3)
Waiver of premium for permanent disability coverage;
(4)
Acceleration of death benefit for terminal illness or chronic condition;
(5)
Benefits for a second opinion for health conditions specified in the policy; or
(6)
Benefits that:
(a)
Provide a lump-sum benefit for a disease specified in the policy; and
(b)
Meet the requirements established by the Commissioner under Insurance Article, §15-109, Annotated Code of Maryland.
B.
Natural Death Benefit Prohibited in Individual Health Insurance Policies.
(1)
Except as provided in §B(2) of this regulation, a health insurance policy subject to Insurance Article, Title 15, Subtitle 2, Annotated Code of Maryland, or any supplementary benefit under such a policy, may not provide a natural death benefit.
(2)
A disability income policy may provide a survivor benefit, provided the survivor benefit does not exceed 3 times the last full monthly disability income benefit.