Md. Code Ann., Ins. § 15-916
Medicare supplement buyer's guide
Effective Jul 2, 2001Added by Acts 1997, c. 35, § 2, eff. Oct. 1, 1997. Amended by Acts 2001, c. 731, § 1, eff. July 2, 2001.State of Maryland
- (a) The Commissioner shall prepare in clear, plain English the text of a Medicare supplement buyer's guide that carriers must provide to prospective buyers of Medicare supplement policies under this section.
(b) The buyer's guide shall:
- (1) contain an outline of Medicare coverage; and
- (2) include advice and other information about purchasing Medicare supplement policies, including a reference to the right of the buyer to cancel a Medicare supplement policy during the first 30 days after it is delivered, as provided in § 15-910 of this subtitle.
- (c) The Commissioner shall submit the text of the buyer's guide for publication in the Maryland Register and at the same time send a copy of the text to the Department of Aging.
(d) The carrier or insurance producer of the carrier shall deliver to the prospective buyer a Medicare supplement buyer's guide that is printed in at least 12-point type:
- (1) before accepting an application;
- (2) when an existing policy is converted to a Medicare supplement policy; and
- (3) at any other time required by the Commissioner by regulation.
(e) A carrier shall provide:
- (1) a copy of the Medicare supplement buyer's guide to an individual covered under a group health insurance policy when the individual becomes eligible for Medicare by reason of age; and
- (2) any information required under § 15-919 of this subtitle that is applicable to the continuing coverage under the group health insurance policy of the individual eligible for Medicare.
(f)
- (1) The text of the Medicare supplement buyer's guide shall be as the Commissioner submits for publication under subsection (c) of this section.
- (2) The form of the Medicare supplement buyer's guide shall be as required by the Commissioner by regulation.
Added by Acts 1997, c. 35, § 2, eff. Oct. 1, 1997. Amended by Acts 2001, c. 731, § 1, eff. July 2, 2001.
Formerly Art. 48A, §§ 468E, 468F.