Insurance Commissioner v. Lincoln National Life Insurance

BLOOM, Judge.

The sole issue in this appeal is one of statutory construction. The statute in question, Md.Code Ann., art. 48A, § 234B(b) (1991 Repl.Vol.), was interpreted one way by the Insurance Commissioner of Maryland and a different way by the Circuit Court for Baltimore City, to which the Commissioner’s decision was appealed by Lincoln National Life Insurance Corporation (Lincoln). The Commissioner and Gerald Veydt, in whose favor the Commissioner had ruled, then filed this appeal from the judgment of the circuit court.

We believe that the Commissioner’s interpretation of the statute was…