Section 13-105 - Forms of insurance. - Maryland Statutes

§ 13-105. Forms of insurance.
 

Credit life insurance, credit health insurance, and credit involuntary unemployment benefit insurance shall be issued only in the following forms: 

(1) an individual policy of life insurance issued to a debtor on a term plan; 

(2) an individual policy of health insurance issued to a debtor on a term plan; 

(3) a disability benefit provision in an individual policy of credit life insurance; 

(4) an individual policy of involuntary unemployment benefit insurance issued to a debtor on a term plan; 

(5) a group policy of life insurance issued to a creditor that provides insurance on the lives of debtors on the term plan; 

(6) a group policy of health insurance issued to a creditor on a term plan that insures debtors; 

(7) a disability benefit provision in a group policy of credit life insurance; or 

(8) a group policy of involuntary unemployment benefit insurance issued to a creditor on a term plan that insures debtors. 
 

[An. Code 1957, art. 48A, § 436D; 1996, ch. 11.]