(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.
Structure Maryland Statutes
Title 5 - Assets, Liabilities, Reserves, and Investments of Insurers
Subtitle 3 - Standard Valuation Law
Section 5-301.1 - Valuation of Reserves Required
Section 5-302 - Policies and Contracts Issued Before Operative Date of Standard Nonforfeiture Law
Section 5-313 - Valuation Manual
Section 5-314 - Valuation Manual -- Reserves
Section 5-315 - Submission of Data as Required in Valuation Manual