- A. Accelerated benefit riders and life insurance policies with accelerated benefit provisions are primarily mortality risks rather than morbidity risks.
- B. The inclusion of terminal illness as a qualifying event shall be included in all accelerated benefit policies and riders.
Authority: Insurance Article, §§2-109, 5-301, 12-205(b)(4) and (8), and 27-202, Annotated Code of Maryland
Effective date: December 6, 2018 (45:24 Md. R. 1164)