There is a newer version of the Maryland Code
Maryland Insurance Section 17-103
§ 17-103.
  An insurer that issues a policy to a creditor to insure debtors of the creditor shall provide to the creditor for delivery to each debtor insured under the policy a form that states that:
    (1)   the life of the debtor is insured under the policy; and
    (2)   a death benefit paid under the policy because of the debtor's death shall be applied to reduce or extinguish the indebtedness.
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