Maryland § 8-467
Full text of Maryland Maryland Code § 8-467, with citation guidance and answers to common questions.
§ 8-467.
(a) A society doing insurance business in the State may not make or allow unfair discrimination between insured members of the same class and equal life expectancy in:
(1) the premiums charged for certificates of insurance;
(2) the dividends or other benefits payable on certificates of insurance; or
(3) any other terms and conditions of the contracts the society makes.
(b) (1) This subsection applies to:
(i) a society;
(ii) a person acting for the society;
(iii) an insurance producer that acts on behalf of a fraternal benefit society; and
(iv) a person acting for an insurance producer that acts on behalf of a fraternal benefit society.
(2) A person may not offer, promise, allow, give, set off, or pay, directly or indirectly, any valuable consideration or inducement to or for insurance on any risk authorized to be taken by a society that is not specified in the certificate.
(c) A society member may not receive or accept, directly or indirectly:
(1) a rebate of all or part of a premium payable on a certificate;
(2) a rebate of a fraternal benefit agent’s commission on a premium payable on a certificate;
(3) any favor, advantage, or share in the dividends or other benefits to accrue on the insurance contract; or
(4) any other valuable consideration or inducement not specified in the insurance contract.
Frequently Asked Questions About Maryland § 8-467
What does Maryland Code § 8-467 cover?
Section 8-467 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 § 8-467?
A common citation format is "Maryland Code § 8-467" (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 § 8-467 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.