The purpose of this chapter is to regulate the issuance of group annuity contracts with the objective of providing that they not be issued on an impracticable basis or in a manner which may be hazardous to policyholders and the public.

Authority: Insurance Article, §§1-101(d), 2-109, 12-203, 12-205, 12-209, 16-114, and 16-501, Annotated Code of Maryland

Effective date: February 23, 1987 (14:4 Md. R. 417)

Regulation .07C amended and D adopted effective January 29, 1996 (23:2 Md. R. 95)

Chapter recodified from COMAR 09.30.71 to COMAR 31.09.08 effective September 7, 1998 (25:18 Md. R. 1439)