Md. Code, Insurance § 17-103

Md. Code, Insurance § 17-103
in effect
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An insurer that issues a policy to a creditor to insure debtors of the creditor shall provide to the creditor for delivery to each debtor insured under the policy a form that states that: (1) the life of the debtor is insured under the policy; and (2) a death benefit paid under the policy because of the debtor’s death shall be applied to reduce or extinguish the indebtedness.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gin&section=17-103&enactments=falseFetched: 10/17/2026

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