Maryland § 16-501

Full text of Maryland Maryland Code § 16-501, with citation guidance and answers to common questions.

§ 16-501.

    This subtitle does not apply to:

        (1)    reinsurance;

        (2)    a group annuity purchased under a retirement plan or deferred compensation plan established or maintained by an employer, including a partnership or sole proprietorship, or employee organization, or by both, other than a plan that provides individual retirement accounts or individual retirement annuities under § 408 of the Internal Revenue Code;

        (3)    a premium deposit fund;

        (4)    a variable annuity;

        (5)    an investment annuity;

        (6)    an immediate annuity;

        (7)    a deferred annuity contract after annuity payments have begun;

        (8)    a reversionary annuity; or

        (9)    an annuity contract that is delivered outside the State through an insurance producer or other representative of the insurer issuing the contract.

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Frequently Asked Questions About Maryland § 16-501

What does Maryland Code § 16-501 cover?

Section 16-501 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 § 16-501?

A common citation format is "Maryland Code § 16-501" (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 § 16-501 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.