1. (a) A policy of a foreign insurer or alien insurer that is delivered or issued for delivery in the State may contain a provision that:

   1. (1) is not less favorable to the insured or beneficiary than the provisions of this subtitle; and
   2. (2) is required by the law of the state or country under which the foreign insurer or alien insurer is organized.
2. (b) A policy of a domestic insurer that is issued for delivery in another state or country may contain a provision that is allowed or required by the laws of the other state or country.

Added by Acts 1997, c. 35, § 2, eff. Oct. 1, 1997.

Formerly Art. 48A, § 466.