If the death of the buyer or beneficiary occurs before the terms and conditions of the preneed contract are met, the buyer or legal representative of the beneficiary shall be given the option of withdrawing all funds paid and interest accrued or renegotiating a contract with mutually agreed upon financial adjustments.

Authority: Health Occupations Article, §§7-404, 7-405, and 7-504, Annotated Code of Maryland

Effective date: September 26, 1994 (21:19 Md. R. 1635)

Regulation .02B amended effective March 18, 2002 (29:5 Md. R. 504); August 27, 2007 (34:17 Md. R. 1508)

Regulation .02B amended as an emergency provision effective November 5, 2007 (34:24 Md. R. 2154); amended permanently effective February 25, 2008 (35:4 Md. R. 514)

Regulation .02B amended effective April 4, 2022 (49:7 Md. R. 466)

Regulation .03 amended effective March 18, 2002 (29:5 Md. R. 504); April 4, 2022 (49:7 Md. R. 466)

Regulation .03A amended effective August 27, 2007 (34:17 Md. R. 1508)

Regulation .03H, I adopted effective August 27, 2007 (34:17 Md. R. 1508)

Regulation .04 amended effective March 18, 2002 (29:5 Md. R. 504)

Regulation .04A amended effective August 27, 2007 (34:17 Md. R. 1508)

Regulation .04F adopted effective August 27, 2007 (34:17 Md. R. 1508)

Regulation .05 amended effective March 18, 2002 (29:5 Md. R. 504)

Regulation .05A amended effective August 27, 2007 (34:17 Md. R. 1508)

Regulation .05E, F adopted effective August 27, 2007 (34:17 Md. R. 1508)