§ 5-310. Optional reserve calculation standards
West's Annotated Code of MarylandInsurance
MD Code, Insurance, § 5-310
§ 5-310. Optional reserve calculation standards
(a) Subject to subsection (b) of this section, the Commissioner may establish any category of policies, contracts, or benefits for which reserves may be calculated, at the option of the insurer, under a standard that produces greater aggregate reserves for the category than the aggregate reserves calculated using the minimum standard provided in this subtitle.
(b)(1) This subsection does not apply to annuity contracts or pure endowment contracts.
Credits
Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, § 83.
MD Code, Insurance, § 5-310, MD INSURANCE § 5-310
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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