§ 15-205. Policies of foreign or alien insurers; policies of domestic insurers

Latest version.

   (a) Policies of foreign or alien insurers. -- A policy of a foreign insurer or alien insurer that is delivered or issued for delivery in the State may contain a provision that:

   (1) is not less favorable to the insured or beneficiary than the provisions of this subtitle; and

   (2) is required by the law of the state or country under which the foreign insurer or alien insurer is organized.

(b) Policies of domestic insurers. -- A policy of a domestic insurer that is issued for delivery in another state or country may contain a provision that is allowed or required by the laws of the other state or country.

HISTORY: An. Code 1957, art. 48A, § 466; 1997, ch. 35, § 2.

                    
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