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Statutes Text

Article - Insurance




§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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