2013 Maryland Code
INSURANCE
§ 5-203 - Active life reserves for health insurance policies
§5-203.
(a) An insurer shall maintain active life reserves for all health insurance policies.
(b) The active life reserves:
(1) shall place a sound value on the insurer’s liabilities under the health insurance policies;
(2) may not be less than the reserves required by the appropriate standards set forth in regulations that the Commissioner adopts; and
(3) in the aggregate, may not be less than the pro rata gross unearned premiums for the health insurance policies.
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