§ 5–203
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 5-203 (2026)
Title 5. Assets, Liabilities, Reserves, and Investments of Insurers
Subtitle 2. Reserves
§ 5–203LinkCopy Citation
(a)
An insurer shall maintain active life reserves for all health insurance policies.
(b)
The active life reserves:
(1)
shall place a sound value on the insurer’s liabilities under the health insurance policies;
(2)
may not be less than the reserves required by the appropriate standards set forth in regulations that the Commissioner adopts; and
(3)
in the aggregate, may not be less than the pro rata gross unearned premiums for the health insurance policies.