<?xml version='1.0' encoding='utf-8'?>
<section article="gin" article_name="Insurance" number="5-203" title_number="5" title_name="Assets, Liabilities, Reserves, and Investments of Insurers" subtitle_number="2" subtitle_name="Reserves">
  <level label="a">
    <text>An insurer shall maintain active life reserves for all health insurance policies.</text>
  </level>
  <level label="b">
    <text>The active life reserves:</text>
    <level label="1">
      <text>shall place a sound value on the insurer’s liabilities under the health insurance policies;</text>
    </level>
    <level label="2">
      <text>may not be less than the reserves required by the appropriate standards set forth in regulations that the Commissioner adopts; and</text>
    </level>
    <level label="3">
      <text>in the aggregate, may not be less than the pro rata gross unearned premiums for the health insurance policies.</text>
    </level>
  </level>
</section>
