Forms of insurance

  1. Law
  2. Maryland Code
  3. Insurance
  4. Credit Life, Health, and Involuntary Unemployment Benefit Insurance
  5. Forms of insurance

Checkout our iOS App for a better way to browser and research.

    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.


Download our app to see the most-to-date content.