Maryland Insurance Section 16-103

Article - Insurance

§ 16-103.

      A life insurer may not:

            (1)      issue or deliver in the State a policy of life insurance or an annuity contract that provides for the payment of an assessment by a policyholder or member in addition to the premium stated in the policy or annuity contract to be charged for the life insurance or annuity; or

            (2)      levy or collect an assessment prohibited by item (1) of this section.



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