Md. Code, Insurance § 16-501
Md. Code, Insurance § 16-501
in effectThis subtitle does not apply to:
(1) reinsurance;
(2) a group annuity purchased under a retirement plan or deferred compensation plan established or maintained by an employer, including a partnership or sole proprietorship, or employee organization, or by both, other than a plan that provides individual retirement accounts or individual retirement annuities under § 408 of the Internal Revenue Code;
(3) a premium deposit fund;
(4) a variable annuity;
(5) an investment annuity;
(6) an immediate annuity;
(7) a deferred annuity contract after annuity payments have begun;
(8) a reversionary annuity; or
(9) an annuity contract that is delivered outside the State through an insurance producer or other representative of the insurer issuing the contract.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gin§ion=16-501&enactments=falseFetched: 10/17/2026