There is a newer version of the Maryland Code
2013 Maryland Code
INSURANCE
§ 17-103 - Statement to insured debtors
MD Ins Code § 17-103 (2013) What's This?
§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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