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§ 5-309. Policies and contracts issued on or after operative date of Standard Nonforfeiture Law -- Minimum reserves for life insurance policies

MD Ins Code § 5-309 (2019) (N/A)
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(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.

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§ 5-308. Policies and contracts issued on or after operative date of Standard Nonforfeiture Law -- Reserve valuation method for annuity and pure endowment benefits
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§ 5-310. Policies and contracts issued on or after operative date of Standard Nonforfeiture Law -- Optional reserve calculation