1208                              LAWS OF MARYLAND                        [CH. 553

465.    Third Party Ownership.

The word "insured", as used in this subtitle, shall not be construed
as preventing a person other than the insured with a proper insurable
interest from making application for and owning a policy covering
the insured or from being entitled under such a policy to any in-
demnities, benefits, and rights provided therein.

466.    Requirement of Other Jurisdictions.

(a)   Any policy of a foreign or alien insurer, when delivered or
issued for delivery to any person in this State, may contain any
provision which is not less favorable to the insured or the beneficiary
than the provisions of this subtitle and which is prescribed or
required by the law of the state or country under which the insurer
is organized.

(b)   Any policy of a domestic insurer may, when issued for deliv-
ery in any other state or country, contain any provision permitted or
required by the laws of such other state or country.

467.    Conforming to Statute.

(a)   No policy provision which is not subject to this subtitle shall
make a policy, or any portion thereof, less favorable in any respect
to the insured or the beneficiary than the provisions thereof which
are subject to this subtitle.

(b)   A policy delivered or issued for delivery to any person in this
State in violation of this subtitle shall be held valid but shall be con-
strued as provided in this subtitle. When any provision in a policy
subject to this subtitle is in conflict with any provision of this subtitle,
the rights, duties, and obligations of the insurer, the insured and the
beneficiary shall be governed by the provisions of this subtitle.

468.    Age Limit.

If any such policy contains a provision establishing, as an age
limit or otherwise, a date after which the coverage provided by the
policy will not be effective, and if such date falls within a period for
which premium is accepted by the insurer or if the insurer accepts
a premium after such date, the coverage provided by the policy will
continue in force until the end of the period for which premium has
been accepted. In the event the age of the insured has been misstated
and if, according to the correct age of the insured, the coverage pro-
vided by the policy would not have become effective, or would have
ceased prior to the acceptance of such premium or premiums, then
the liability of the insurer shall be limited to the refund, upon
request, of all premiums paid for the period not covered by the
policy.

468A. Denial of Claim by Insurer.

Whenever any insurer under the provisions of this subtitle denies
any claim upon a policy of insurance as provided for in this subtitle,
said insurer shall upon written request of any claimant give written
notice to such claimant stating fully the reason or reasons for the
denial of said claim; however, such announced reason or reasons for
denial of said claim shall not act as an estoppel or limit said insurer
from offering any additional reason or reasons for said denial.