Source: https://law.justia.com/codes/maryland/2013/article-gin/section-5-312/
Timestamp: 2020-05-29 07:49:14
Document Index: 656646008

Matched Legal Cases: ['§ 5', '§ 5', '§ 5', '§ 5', '§5', '§ 5']

§ 5-312 - Policies and contracts issued on or after operative date of Standard Nonforfeiture Law -- Reserve calculation for indeterminate premium plans :: 2013 Maryland Code :: US Codes and Statutes :: US Law :: Justia
Justia US Law US Codes and Statutes Maryland Code 2013 Maryland Code INSURANCE § 5-312 - Policies and contracts issued on or after operative date of Standard Nonforfeiture Law -- Reserve calculation for indeterminate premium plans
§ 5-312 - Policies and contracts issued on or after operative date of Standard Nonforfeiture Law -- Reserve calculation for indeterminate premium plans
MD Ins Code § 5-312 (2013) What's This?
§5-312.
(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.