Md. Code, Insurance § 5-312
This is the official text of Md. Code, Insurance § 5-312, 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.
§5–312.
Official statutory text
(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.
(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.
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.