§15–205.

    (a)    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)    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.