Administrative History Effective date: February 27, 1941 Amended effective May 1, 1968 —————— Chapter recodified from COMAR 09.30.50 to COMAR 31.09.06 effective September 7, 1998 (25:18 Md. R. 1439) Regulation .01 amended effective October 24, 2016 (43:21 Md. R. 1169) Authority Insurance Article, §2-109 and Title 16, Subtitle 3, Annotated Code of Maryland

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.01 Notice Requirement. For any industrial or ordinary policy of insurance on the life of a resident of this State issued by any life insurance company or fraternal benefit society operating in Maryland, when the policy has a cash, paid-up, or extended insurance or other equity at the time of lapse and when none of these equities is automatically granted by the policy without application by the insured, upon lapse of the policy, written notice shall be mailed to the last known address of the insured within not less than 30 days before the expiry of the period within which the insured may apply for the equity value. This notice shall state the nature of the equity to which the insured is entitled and the date before which application for the equity is required to be made.

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Previous Chapter 05 Replacement of Life Insurance and Annuities

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Next Chapter 07 Charitable Gift Annuities

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