# Insurance (GIN)

## Title 5. Assets, Liabilities, Reserves, and Investments of Insurers

### Subtitle 3. Standard Valuation Law

#### Section 5-312

(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 Sec.Sec. 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.

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Md. Code Ann., Ins. (as displayed at mgaleg.maryland.gov, October 16, 2026)