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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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INSURANCE |
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TITLE 27. UNFAIR TRADE PRACTICES AND OTHER PROHIBITED PRACTICES |
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SUBTITLE 2. UNFAIR METHODS OF COMPETITION AND UNFAIR AND DECEPTIVE ACTS OR PRACTICES |
§ 27-218. Burial insurance benefits
Latest version.
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(a) Payment to beneficiary. -- All burial insurance benefits shall be paid in cash to the beneficiary.
(b) Payment to others prohibited. -- A person engaged in the business of burial insurance may not pay or contract to pay wholly or partly burial insurance or its benefits to:
(1) an official mortician, funeral director, or undertaker;
(2) a designated mortician, funeral director, undertaker, or funeral directing or undertaking concern; or
(3) a particular tradesperson or businessperson.
(c) Applicability. -- This section does not apply to life insurance or an annuity used to fund a pre-need contract as defined in § 7-101 of the Health Occupations Article or a preneed burial contract as defined in § 5-701 of the Business Regulation Article.