# COMAR 31.04.17.09: COMAR 31.04.17.09. Life Insurance Policies

> Maryland · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_04_17_09

## Section

- **Citation:** COMAR 31.04.17.09
- **Heading:** COMAR 31.04.17.09. Life Insurance Policies
- **Jurisdiction:** Maryland
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Code of Maryland Regulations / Title 31 MARYLAND INSURANCE ADMINISTRATION / Subtitle 04 INSURERS / Chapter 17 Filing of Forms for Approval / COMAR 31.04.17.09

## Text

A. In the case of term policies, the insurer shall indicate in clear, unambiguous language, whether or not coverage is granted if loss occurs on the term expiry date. Some examples of acceptable language are:
(1) If death occurs on or before the 5th anniversary of the policy, etc.;
(2) If death occurs before but not including, the 5th anniversary of the policy, etc.;
(3) This policy shall terminate on the 5th anniversary of the date of issue at 12:00 o'clock noon Standard Time at the place where the insured then resides.
B. In the case of a renewable term life insurance policy (that is, a term policy containing an option on the part of the policyholder to renew for one or more further periods of term insurance), the actual premiums to be charged at each renewal date shall be shown in the policy. In a policy of wholesale or group term life insurance, however, the insurer may reserve the right to change the table of renewal premiums on any policy anniversary on 30 days' notice.
C. If the brief description of a policy indicates that the policy is renewable or convertible, or both, the brief description shall further indicate the term during which the policyholder may exercise the option to renew or convert, or both, unless this option may be exercised during the entire term of the policy or renewal of the policy.
D. In the case of a convertible term life insurance policy issued on a participating basis, if there is a provision for the computation of the cost of change on the basis of difference in premiums (or premiums plus interest), the cost of change also shall provide for adjustment in dividends.
E. If a life insurance policy contains a war or aviation exclusion, or both, a printed or stamped statement shall appear as part of the brief description on the first page of the policy reading “War Restrictions Included”, “Aviation Exclusions Included”, “War and Aviation Restrictions Included”, or any similar language approved by the Commissioner.

## Nearby sections

- [COMAR 31.04.17.01 COMAR 31.04.17.01. Applicability](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_04_17_01.md)
- [COMAR 31.04.17.02 COMAR 31.04.17.02. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_04_17_02.md)
- [COMAR 31.04.17.03 COMAR 31.04.17.03. Filing of Forms for Approval](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_04_17_03.md)
- [COMAR 31.04.17.04 COMAR 31.04.17.04. Variable Materials, Insert Pages, and Contracts Comprised of Sections](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_04_17_04.md)
- [COMAR 31.04.17.05 COMAR 31.04.17.05. Failure to Respond to the Commissioner's Correspondence](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_04_17_05.md)
- [COMAR 31.04.17.06 COMAR 31.04.17.06. Contents of Application Forms](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_04_17_06.md)
- [COMAR 31.04.17.07 COMAR 31.04.17.07. Advertising Material Within a Form](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_04_17_07.md)
- [COMAR 31.04.17.08 COMAR 31.04.17.08. Proxy](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_04_17_08.md)
- [COMAR 31.04.17.09 COMAR 31.04.17.09. Life Insurance Policies](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_04_17_09.md)
- [COMAR 31.04.17.10 COMAR 31.04.17.10. General Requirements for Forms](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_04_17_10.md)
- [COMAR 31.04.17.11 COMAR 31.04.17.11. Self-Destruction or Self-Inflicted Injury](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_04_17_11.md)
- [COMAR 31.04.17.12 COMAR 31.04.17.12. Military Service Exclusion](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_04_17_12.md)
- [COMAR 31.04.17.13 COMAR 31.04.17.13. Prohibited Coverage](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_04_17_13.md)
- [COMAR 31.04.17.14 COMAR 31.04.17.14. Standard Nonforfeiture Value Method](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_04_17_14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_04_17_09. Check the current official text before relying on it. Not legal advice.