Md. Code, Insurance § 5-309
This is the official text of Md. Code, Insurance § 5-309, part of Maryland’s Code, Insurance — regulates insurance companies and the policies they sell.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§5–309.
Official statutory text
(a) This section does not apply to reserves for disability and accidental death benefits and benefits for long-term home health care and long-term care in a nursing home or other related institution included in a life insurance policy.
(b) An insurer’s aggregate reserves for all life insurance policies may not be less than the aggregate reserves calculated in accordance with:
(1) the methods set forth in §§ 5-307, 5-308, 5-311, and 5-312 of this subtitle; and
(2) the mortality tables and rates of interest used in calculating nonforfeiture benefits for those policies.
(b) An insurer’s aggregate reserves for all life insurance policies may not be less than the aggregate reserves calculated in accordance with:
(1) the methods set forth in §§ 5-307, 5-308, 5-311, and 5-312 of this subtitle; and
(2) the mortality tables and rates of interest used in calculating nonforfeiture benefits for those policies.
Status: in_force · Read it on the official government site
Need a lawyer in Maryland?
Find a Maryland lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.