This chapter, applicable to variable life insurance policies, is promulgated under authority of Insurance Article, §§2-109 and 16-601—16-603, Annotated Code of Maryland. The issuance or delivery of life insurance policies on a variable basis in Maryland in any manner not in compliance with this chapter shall be deemed contrary to the requirements of Insurance Article, §§16-601—16-603, Annotated Code of Maryland, and, further, shall be deemed to constitute the transaction of insurance business hazardous to policyholders and the public and contrary to the public interest.

Authority: Insurance Article, §§2-109 and 16-601—16-603, Annotated Code of Maryland

Effective date: July 1, 1979 (6:10 Md. R. 841)

Regulation .04C amended effective December 27, 1983 (10:24 Md. R. 2189)

Regulation .11A amended effective August 22, 1988 (15:17 Md. R. 2048)

Chapter recodified from COMAR 09.30.43 to COMAR 31.09.02 effective September 7, 1998 (25:18 Md. R. 1439)

Regulation .02B amended effective May 21, 2018 (45:10 Md. R. 504)

Regulation .03C amended effective May 21, 2018 (45:10 Md. R. 504)

Regulation .03E amended effective April 12, 2004 (31:7 Md. R. 587)

Regulation .04 amended effective May 21, 2018 (45:10 Md. R. 504)

Regulation .04C amended effective August 6, 2012 (39:15 Md. R. 965)

Regulation .06G amended effective October 11, 2004 (31:20 Md. R. 1487)

Regulation .09A amended effective May 21, 2018 (45:10 Md. R. 504)

Regulation .09C adopted effective May 21, 2018 (45:10 Md. R. 504)

Regulation .11 amended effective April 22, 2019 (46:8 Md. R. 402)

Regulation .11A amended effective July 27, 2020 (47:15 Md. R. 713)