Md. Code Regs. 31.09.16.05
Current through Register Vol. 52, No. 1, January 10, 2025
Prior to the payment of the accelerated benefit, the insurer shall obtain from an assignee or irrevocable beneficiary a signed acknowledgement of concurrence for payout. If the insurer is the assignee under the policy, no acknowledgement is required.
Md. Code Regs. 31.09.16.05