Md. Code, Ins. § 5-303 : INSURANCE — ASSETS, LIABILITIES, RESERVES, AND INVESTMENTS OF INSURERS — STANDARD VALUATION LAW —303 - Policies and contracts issued on or after operative date of Standard Nonforfeiture Law - Scope

(a) Except as otherwise provided in §§ 5-305 and 5-306 of this subtitle for group annuity contracts and pure endowment contracts issued before the operative date of the Maryland Standard Nonforfeiture Law for Life Insurance:
(1) §§ 5-304 through 5-312 of this subtitle apply only to policies and contracts, as appropriate, issued on or after that operative date and before the operative date of the valuation manual; and
(2) §§ 5-313 and 5-314 of this subtitle do not apply to the policies and contracts.
(b) Sections 5-313 and 5-314 of this subtitle apply to all life insurance policies, accident and health insurance contracts, and deposit-type contracts issued by a company on or after the operative date of the valuation manual.

Md. Code, IN § 5-303

Amended by 2015 Md. Laws, Ch. 367,Sec. 2, eff. 10/1/2015.
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