Ch. 11

-1996 LAWS OF MARYLAND

"Insurer" § 1-101
"Life insurance" § 1-101
"Policy" § 1-101
"Resident" § 9-401
"Supplemental contract" § 9-401

9-403. SCOPE OF SUBTITLE.

(A)     INDIVIDUALS COVERED.

(1)      SUBJECT TO PARAGRAPH (2) OF THIS SUBSECTION, COVERAGE
SHALL BE PROVIDED UNDER THIS SUBTITLE FOR THE POLICIES OR CONTRACTS
SPECIFIED IN SUBSECTION (B) OF THIS SECTION TO AN INDIVIDUAL WHO IS:

(I)       A RESIDENT AND AN OWNER OF OR CERTIFICATE HOLDER
UNDER THE POLICY OR CONTRACT; OR

(II)     A NONRESIDENT AND AN OWNER OF OR CERTIFICATE HOLDER
UNDER THE POLICY OR CONTRACT, IF:

1.        THE INSURER THAT ISSUED THE POLICY OR CONTRACT IS
DOMICILED IN THIS STATE;

2.        THE INSURER THAT ISSUED THE POLICY OR CONTRACT
HAS NEVER HELD A LICENSE OR CERTIFICATE OF AUTHORITY IN THE STATE IN
WHICH THE NONRESIDENT RESIDES;

3.        THE STATE IN WHICH THE NONRESIDENT RESIDES HAS
AN INSURANCE GUARANTY CORPORATION OR ITS EQUIVALENT SIMILAR TO THE
CORPORATION ESTABLISHED BY § 9-405 OF THIS SUBTITLE; AND

4.        THE NONRESIDENT IS NOT ELIGIBLE FOR COVERAGE BY
THE INSURANCE GUARANTY CORPORATION OR ITS EQUIVALENT IN THE STATE IN
WHICH THE NONRESIDENT RESIDES.

(2)      COVERAGE SHALL BE PROVIDED UNDER THIS SUBTITLE FOR THE
POLICIES OR CONTRACTS SPECIFIED IN PARAGRAPH (1) OF THIS SUBSECTION TO A
BENEFICIARY, ASSIGNEE, OR PAYEE OF AN INDIVIDUAL COVERED UNDER
PARAGRAPH (1) OF THIS SUBSECTION, REGARDLESS OF THE INDIVIDUAL'S
RESIDENCE.

(B)      COVERAGE PROVIDED.

(1) EXCEPT AS PROVIDED IN PARAGRAPH (2) OF THIS SUBSECTION,
COVERAGE SHALL BE PROVIDED UNDER THIS SUBTITLE TO INDIVIDUALS SPECIFIED
IN SUBSECTION (A) OF THIS SECTION FOR:

(I)       DIRECT, NONGROUP LIFE, HEALTH, ANNUITY, INCLUDING
STRUCTURED SETTLEMENTS, AND SUPPLEMENTAL POLICIES OR CONTRACTS; OR

(II)     CERTIFICATES UNDER DIRECT, GROUP POLICIES OR
CONTRACTS ISSUED BY MEMBER INSURERS, EXCEPT AS LIMITED BY THIS SUBTITLE.

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