Md. Code, Insurance § 16-304
This is the official text of Md. Code, Insurance § 16-304, part of Maryland’s Code, Insurance — regulates insurance companies and the policies they sell.
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§16–304.
Official statutory text
(a) Any provision required under § 16-303(b) through (g) of this subtitle may be omitted from a policy of life insurance to the extent that the provision does not apply under the insurance plan.
(b) The insurer shall reserve the right to defer the payment of any cash surrender value for up to 6 months after demand for payment with surrender of the policy.
(b) The insurer shall reserve the right to defer the payment of any cash surrender value for up to 6 months after demand for payment with surrender of the policy.
Status: in_force · Read it on the official government site
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