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2020 Maryland Statutes
Insurance
Title 16 - Life Insurance and Annuities
Subtitle 1 - General Provisions
Section 16-103 - Assessable Life Insurance or Annuities Prohibited
Universal Citation: MD. Insurance Code Ann. § 16-103 (2020)
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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