PARRIS N. GLENDENING, Governor

Ch. 35

Defined term: "Insurance" § 1-101
(V) INSURER.

"INSURER" INCLUDES EACH PERSON ENGAGED AS INDEMNITOR, SURETY, OR
CONTRACTOR IN THE BUSINESS OF ENTERING INTO INSURANCE CONTRACTS.

SPECIAL REVISOR'S NOTE: As enacted by Ch. 36, Acts of 1995, this subsection
was new language derived without substantive change from former Art. 48A, §

3. Chapter_, Acts of 1997, repealed and reenacted this subsection

without change.

Defined terms: "Insurance" § 1-101
"Person" § 1-101

(W) LIFE INSURANCE.

(1) "LIFE INSURANCE" MEANS INSURANCE FOR WHICH THE
PROBABILITIES OF THE DURATION OF HUMAN LIFE OR THE RATE OF MORTALITY
ARE AN ELEMENT OR CONDITION OF THE INSURANCE.

(2) "LIFE INSURANCE" INCLUDES THE GRANTING OF:

(I) ENDOWMENT BENEFITS;

(II) ADDITIONAL BENEFITS IN THE EVENT OF DEATH BY ACCIDENT
OR ACCIDENTAL MEANS;

(III) ADDITIONAL DISABILITY BENEFITS IN THE EVENT OF
DISMEMBERMENT OR LOSS OF SIGHT;

(IV) ADDITIONAL DISABILITY BENEFITS THAT OPERATE TO
SAFEGUARD THE CONTRACT FROM LAPSE OR TO PROVIDE A SPECIAL SURRENDER
VALUE, SPECIAL BENEFIT, OR ANNUITY IN THE EVENT OF TOTAL AND PERMANENT
DISABILITY;

(V) BENEFITS THAT PROVIDE PAYMENT OR REIMBURSEMENT FOR
LONG-TERM HOME HEALTH CARE, OR LONG-TERM CARE IN A NURSING HOME OR
OTHER RELATED INSTITUTION;

(VI) BURIAL INSURANCE; AND

(VII) OPTIONAL MODES OF SETTLEMENT OF PROCEEDS OF LIFE

INSURANCE.

(3) "LIFE INSURANCE" DOES NOT INCLUDE WORKERS' COMPENSATION
INSURANCE.

SPECIAL REVISOR'S NOTE: As enacted by Ch. 36, Acts of 1995, this subsection
was new language derived without substantive change from former Art. 48A, §
63 and, as it described life insurance, the first clause of the first sentence of §

64. However, Ch__, Acts of 1997, made stylistic changes in paragraphs

(2) and (3) of this subsection.

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