Section 15-205 - Policies of foreign or alien insurers; policies of domestic insurers. - Maryland Statutes

§ 15-205. Policies of foreign or alien insurers; policies of domestic insurers.
 

(a)  Policies of foreign or alien insurers.- A policy of a foreign insurer or alien insurer that is delivered or issued for delivery in the State may contain a provision that: 

(1) is not less favorable to the insured or beneficiary than the provisions of this subtitle; and 

(2) is required by the law of the state or country under which the foreign insurer or alien insurer is organized. 

(b)  Policies of domestic insurers.- A policy of a domestic insurer that is issued for delivery in another state or country may contain a provision that is allowed or required by the laws of the other state or country. 
 

[An. Code 1957, art. 48A, § 466; 1997, ch. 35, § 2.]