Maryland Code, INSURANCE 18-107
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Terms Used In Maryland Code, INSURANCE 18-107
- Contract: A legal written agreement that becomes binding when signed.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
A certificate that is issued under group long-term care insurance shall include:
(1) a description of the principal benefits and coverage provided in the policy or contract;
(2) a statement of the principal exclusions, reductions, and limitations of coverage in the policy or contract;
(3) a statement that the group master policy or contract determines the governing contractual provisions; and
(4) a statement as to whether the policy or contract is intended to qualify as a partnership policy under the Qualified State Long-Term Care Insurance Partnership under Title 15, Subtitle 4 of the Health – General Article.