§ 8-445. Standards for valuation of certificates
West's Annotated Code of MarylandInsurance
MD Code, Insurance, § 8-445
§ 8-445. Standards for valuation of certificates
(a) Standards of valuation for certificates issued before January 1, 1998, shall be those provided by the laws applicable on December 31, 1997.
(b)(1) The minimum standards of valuation for certificates issued on or after January 1, 1998, shall be based on the following tables:
(c) The Commissioner may:
(d)(1) With the consent of the commissioner of insurance of the state of domicile of the society, and subject to any conditions the commissioner may impose, a society may establish and maintain reserves on its certificates that exceed the reserves required under this section.
Credits
Added by Acts 1997, c. 183, § 1, eff. Jan. 1, 1998.
Formerly Art. 48A, § 339.
MD Code, Insurance, § 8-445, MD INSURANCE § 8-445
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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