Statutes > Maryland Statutes > INSURANCE > TITLE 5 - ASSETS, LIABILITIES, RESERVES, AND INVESTMENTS OF INSURERS > Subtitle 3 - Standard Valuation Law > Section 5-302 - Policies and contracts issued before operative date of Standard Nonforfeiture Law.

Section 5-302 - Policies and contracts issued before operative date of Standard Nonforfeiture Law.

§ 5-302. Policies and contracts issued before operative date of Standard Nonforfeiture Law.
  

Except as otherwise provided in §§ 5-305 and 5-306 of this subtitle, the minimum standard for the valuation of a policy or contract issued before the operative date of the Maryland Standard Nonforfeiture Law for Life Insurance is the minimum standard provided by former Article 48A, § 83(2) of the Code in effect on September 30, 1997. 
 

[1995, ch. 36.]