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Title
DEFINITION OF ANNUITY INCLUDES GICs, MARYLAND COURT RULES.
Abstract
Reports on the reversal of Baltimore, Maryland circuit court's decision on the case 'Board of Trustees of the Maryland Teachers and State Employees Supplemental Retirement Plans v. Life and Health Insurance Guaranty Corporation' by Maryland Court of Appeals by holding that the definition of 'annuity contracts' include guaranteed investment contracts (GICs). History and evolution of GICs.