# COMAR Title 31 — Maryland Insurance Administration

## Subtitle 09 — Life Insurance and Annuities

### Chapter 04 — Contracts on a Variable Basis

#### Regulation .01 Authority and Purpose.

*COMAR 31.09.04.01*

The issuance or delivery of contracts on a variable basis (hereinafter sometimes referred to as “contracts”) in Maryland in any manner not in compliance with this chapter shall be deemed to be the transaction of insurance business hazardous to policyholders and the public, and contrary to the public interest.