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§ 13-105. Forms of insurance

MD Ins Code § 13-105 (2019) (N/A)
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Credit life insurance, credit health insurance, and credit involuntary unemployment benefit insurance shall be issued only in the following forms:

(1)    an individual policy of life insurance issued to a debtor on a term plan;

(2)    an individual policy of health insurance issued to a debtor on a term plan;

(3)    a disability benefit provision in an individual policy of credit life insurance;

(4)    an individual policy of involuntary unemployment benefit insurance issued to a debtor on a term plan;

(5)    a group policy of life insurance issued to a creditor that provides insurance on the lives of debtors on the term plan;

(6)    a group policy of health insurance issued to a creditor on a term plan that insures debtors;

(7)    a disability benefit provision in a group policy of credit life insurance; or

(8)    a group policy of involuntary unemployment benefit insurance issued to a creditor on a term plan that insures debtors.

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§ 13-104. Issuance of policies
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§ 13-106. Amounts of insurance