§ 5–309
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 5-309 (2026)
Title 5. Assets, Liabilities, Reserves, and Investments of Insurers
Subtitle 3. Standard Valuation Law
§ 5–309LinkCopy Citation
(a)
This section does not apply to reserves for disability and accidental death benefits and benefits for long-term home health care and long-term care in a nursing home or other related institution included in a life insurance policy.
(b)
An insurer’s aggregate reserves for all life insurance policies may not be less than the aggregate reserves calculated in accordance with:
(1)
the methods set forth in §§ 5-307, 5-308, 5-311, and 5-312 of this subtitle; and
(2)
the mortality tables and rates of interest used in calculating nonforfeiture benefits for those policies.