2012 LAWS OF MARYLAND [CH. 687

group insurance, or benefits provided by union welfare plans
or by employer or employee benefit organizations. For the pur-
pose of applying the foregoing policy provision with respect
to any insured, any amount of benefit provided for such in-
sured pursuant to any compulsory benefit statute (including
any workmen's compensation or employer's liability statute)
whether provided by a governmental agency or otherwise shall
in all cases be deemed to be "other valid coverage" of which the
insurer has had notice. In applying the foregoing policy pro-
vision no third party liability coverage shall be included as
"other valid coverage". )

(6) A provision as follow: (Relation of Earnings to Insur-
ance. ) If the total monthly amount of loss of time benefits
promised for the same loss under all valid loss of time coverage
upon the insured, whether payable on a weekly or monthly
basis, shall exceed the monthly earnings of the insured at the
time disability commenced or his average monthly earnings for
the period of two years immediately preceding a disability for
which claim is made, whichever is the greater, the insurer will
be liable only for such proportionate amount of such benefits
under this policy as the amount of such monthly earnings or
such average monthly earnings of the insured bears to the total
amount of monthly benefits for the same loss under all such
coverage upon the insured at the time such disability com-
mences and for the return of such part of the premiums paid
during such two years as shall exceed the pro-rata amount of
the premiums for the benefits actually paid hereunder; but this
shall not operate to reduce the total monthly amount of bene-
fits payable under all such coverage upon the insured below the
the sum of Two Hundred, Dollars or the sum of the monthly
benefits specified in such coverages, whichever is the lesser, nor
shall it operate to reduce benefits other than those payable for
loss of time.

(The foregoing policy provision may be inserted only in a
policy which the insured has the right to continue in force sub-
ject to its terms by the timely payment of premiums (1) until
at least age 50 or, (2) in the case of a policy issued after age
44, for at least five years from its date of issue. The insurer
may, at its option, include in this provision a definition of
"valid loss of time coverage", approved as to form by the Com-
missioner, which definition shall be limited in subject matter
to coverage provided by governmental agencies or by organiza-
tions subject to regulation by insurance law or by insurance
authorities of this or any other state of the United States or
any province of Canada, or to any other coverage the inclusion
of which may be approved by the Commissioner or any com-
bination of such coverages. In the absence of such definition