Md. Code, Insurance § 16-409

Md. Code, Insurance § 16-409
in effect
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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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gin&section=16-409&enactments=falseFetched: 10/17/2026

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