Code of Maryland Regulations (Last Updated: April 6, 2021) |
Title 31. Maryland Insurance Administration |
Subtitle 09. LIFE INSURANCE AND ANNUITIES |
Chapter 31.09.01. Wholesale Life Insurance |
Sec. 31.09.01.11. Validity of Noncomplying Forms
Latest version.
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Any wholesale life insurance policy hereafter issued and otherwise valid which contains any condition or provision not in compliance with the requirements of Insurance Article, Annotated Code of Maryland, and of any applicable regulations may not be thereby rendered invalid, but shall be construed in accordance with conditions and provisions at least as favorable as those required under Insurance Article, Annotated Code of Maryland, and the applicable regulations.