Maryland § 16-105
Full text of Maryland Maryland Code § 16-105, with citation guidance and answers to common questions.
§ 16-105.
(a) This section does not apply to policies or contracts issued to an employee in connection with the funding of a pension, annuity, or profit-sharing plan that is qualified or exempt under § 401, § 403, § 404, or § 501 of the Internal Revenue Code, if participation in the plan is a condition of employment.
(b) Each policy of life insurance or annuity contract subject to this title shall have attached to or prominently printed on its face the following information:
(1) a notice to the policyholder that:
(i) for 10 days after the date the policy or annuity contract is delivered to the policyholder, the policyholder may surrender the policy or annuity contract to the insurer for cancellation by giving the insurer written notice of cancellation; and
(ii) the insurer shall return to the policyholder a pro rata premium for the unexpired term of the policy or annuity contract; or
(2) a similar notice to the policyholder that in the opinion of the Commissioner is not less favorable to the policyholder.
Frequently Asked Questions About Maryland § 16-105
What does Maryland Code § 16-105 cover?
Section 16-105 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 16-105?
A common citation format is "Maryland Code § 16-105" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 16-105 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.