Code of Maryland Regulations (Last Updated: April 6, 2021) |
Title 31. Maryland Insurance Administration |
Subtitle 10. HEALTH INSURANCE—GENERAL |
Chapter 31.10.13. Return of Premium, Cash Surrender, or Other Nonforfeiture Benefits in Health Insurance Policies |
Sec. 31.10.13.10. Policies Insuring More Than One Life
Latest version.
-
If a policy covers more than one life, any provision of the regulation defining a minimum withdrawal benefit shall be construed, when appropriate, to be applicable separately to each covered life. The benefit provision shall be specific in regard to the determination of the amount of benefits under these cases.