The issuance or delivery of contracts on a variable basis (hereinafter sometimes referred to as “contracts”) in Maryland in any manner not in compliance with this chapter shall be deemed to be the transaction of insurance business hazardous to policyholders and the public, and contrary to the public interest.

Authority: Insurance Article, §§2-109, 8-442(d), and 16-601—16-603, Annotated Code of Maryland

Effective date: June 1, 1965

Amended effective November 1, 1973

Regulation .03 amended effective August 22, 1988 (15:17 Md. R. 2048)

Chapter recodified from COMAR 09.30.42 to COMAR 31.09.04 effective September 7, 1998 (25:18 Md. R. 1439)

Regulation .02B amended effective April 25, 2016 (43:8 Md. R. 498)

Regulation .03 amended effective April 6, 2020 (47:7 Md. R. 385)

Regulation .08L amended effective April 25, 2016 (43:8 Md. R. 498)