§ 5–312
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 5-312 (2026)
Title 5. Assets, Liabilities, Reserves, and Investments of Insurers
Subtitle 3. Standard Valuation Law
§ 5–312LinkCopy Citation
(a)
This section applies to:
(1)
a plan of life insurance that provides for future premiums to be determined by the insurer based on estimates of future experience; and
(2)
a plan of life insurance or annuity that is of a nature that precludes determining the minimum reserves by the methods described in §§ 5-307, 5-308, and 5-311 of this subtitle.
(b)
In accordance with regulations adopted by the Commissioner, the reserves that are held under a plan described in subsection (a) of this section shall:
(1)
be appropriate in relation to the benefits and pattern of premiums for that plan; and
(2)
be computed by a method that is consistent with the principles of this subtitle.