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Session Laws, 1996
Volume 794, Page 1843   View pdf image
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PARRIS N. GLENDENING, Governor

Ch. 296

1.       [ the] THE renewal provisions, including any reservation by
the insurer of a right to change premiums; and

2.       DISCLOSURE OF THE EXISTENCE OF ANY AUTOMATIC
RENEWAL PREMIUM INCREASES BASED ON THE POLICYHOLDER'S AGE; AND

(iv) A statement that the outline of coverage is a summary of the policy
issued or applied for and that the policy should be consulted to determine governing
contractual provisions.

(g) The Commissioner may adopt regulations for captions or notice requirements,
determined to be in the public interest and designed to inform prospective insureds that
particular insurance coverages are not Medicare supplement coverages, for all health
insurance policies sold to persons eligible for [Medicare by reason of age,] MEDICARE,
other than:

(1)     Medicare supplement policies; OR

(2)     Disability income policies [;

(3)     Basic, catastrophic, or major medical expense policies; or

(4)     Single premium, nonrenewable policies].

468F.                                                                                                             

(c) (4) (i) If the proposed policy does not comply with the requirements of §
468C of this subtitle for a Medicare supplement policy, a statement printed in a 12-point
type shall be given that:

"This policy (or certificate) is not a Medicare supplement policy (or certificate). It
is not designed to fill the 'gaps' of Medicare. If you are eligible for Medicare, review the
Medicare supplement buyer's guide available from the company".

(ii) The statement required by subparagraph (i) of this paragraph shall
either be printed on or attached to the first page of the policy form or certificate or of an
outline of coverage delivered to the person covered under the policy or certificate.

(iii) Examples of policies and certificates for which the statement in
subparagraph (i) of this paragraph is not required are:

1. [policies] POLICIES issued pursuant to a contract under §
1876 [or § 1833] of the federal Social Security Act (42 U.S.C. § 1395 et seq.)[,
disability];

2.       DISABILITY income [policies,] POLICIES; OR

3.       [basic, catastrophic, comprehensive or major medical
expense policies, and single premium nonrenewable policies] POLICIES OR CONTRACTS
OF ONE OR MORE EMPLOYERS OR LABOR ORGANIZATIONS, OR OF THE TRUSTEES
OF A FUND ESTABLISHED BY ONE OR MORE EMPLOYERS OR LABOR
ORGANIZATIONS, OR COMBINATION THEREOF, FOR EMPLOYEES OR FORMER

- 1843 -

 

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Session Laws, 1996
Volume 794, Page 1843   View pdf image
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