§ 16-409. Rider or supplemental contract provision

MD Ins Code § 16-409 (2019) (N/A)
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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.