<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".05" citation="COMAR 31.09.16.05" title_num="31" subtitle_num="09" chapter_num="16" heading="Assignee or Irrevocable Beneficiary.">
  <text>Prior to the payment of the accelerated benefit, the insurer shall obtain from an assignee or irrevocable beneficiary a signed acknowledgement of concurrence for payout. If the insurer is the assignee under the policy, no acknowledgement is required.</text>
</regulation>