Md. Code, Insurance § 16-409
This is the official text of Md. Code, Insurance § 16-409, part of Maryland’s Code, Insurance — regulates insurance companies and the policies they sell.
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§16–409.
Official statutory text
An annuity contract may include a rider or supplemental contract provision that offers a contract holder reimbursement or payment for long–term home health care or long–term care in a nursing home or other related institution:
(1) instead of or in addition to the annuity benefits payable under the contract; or
(2) instead of all or part of the cash surrender or other nonforfeiture value of the contract.
(1) instead of or in addition to the annuity benefits payable under the contract; or
(2) instead of all or part of the cash surrender or other nonforfeiture value of the contract.
Status: in_force · Read it on the official government site
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