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2013 Maryland Code
INSURANCE
§ 16-409 - Rider or supplemental contract provision
MD Ins Code § 16-409 (2013) What's This?
§16-409.
An annuity contract may include a rider or supplemental contract provision that offers a contract holder reimbursement or payment for long-term home health care or long-term care in a nursing home or other related institution:
(1) instead of or in addition to the annuity benefits payable under the contract; or
(2) instead of all or part of the cash surrender or other nonforfeiture value of the contract.
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