31.15.03.03

.03 Scope.

A. With the exception of §C of this regulation, this chapter applies to a solicitation, negotiation, or procurement of life insurance occurring within this State.

B. Regulation .05D of this chapter applies only to an existing nonexempt policy held by a policyowner residing in Maryland.

C. Unless otherwise specifically included, this chapter does not apply to:

(1) Individual and group annuity contracts;

(2) Credit life insurance;

(3) Group life insurance, except for disclosures relating to preneed funeral contracts or prearrangements;

(4) Life insurance policies issued in connection with pension and welfare plans as defined by and subject to the federal Employee Retirement Income Security Act of 1974 (ERISA), 29 U.S.C. §1001 et seq., as amended; or

(5) Variable life insurance under which the amount or duration of the life insurance varies according to the investment experience of a separate account.