Md. Code, Insurance § 5-312
Md. Code, Insurance § 5-312
in effect(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 §§ 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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gin§ion=5-312&enactments=falseFetched: 10/17/2026