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COMAR 31.09.02.01. Authority and Purpose

MarylandRegulations

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Code of Maryland Regulations › Title 31 MARYLAND INSURANCE ADMINISTRATION › Subtitle 09 LIFE INSURANCE AND ANNUITIES › Chapter 02 Variable Life Insurance › COMAR 31.09.02.01

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

Text

This chapter, applicable to variable life insurance policies, is promulgated under authority of Insurance Article, §§ 2-109 and 16-601 — 16-603 , Annotated Code of Maryland. The issuance or delivery of life insurance policies on a variable basis in Maryland in any manner not in compliance with this chapter shall be deemed contrary to the requirements of Insurance Article, §§ 16-601 — 16-603 , Annotated Code of Maryland, and, further, shall be deemed to constitute the transaction of insurance business hazardous to policyholders and the public and contrary to the public interest.

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