1. (a) An insurer shall maintain active life reserves for all health insurance policies.

2. (b) The active life reserves:

   1. (1) shall place a sound value on the insurer's liabilities under the health insurance policies;
   2. (2) may not be less than the reserves required by the appropriate standards set forth in regulations that the Commissioner adopts; and
   3. (3) in the aggregate, may not be less than the pro rata gross unearned premiums for the health insurance policies.

Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997.

Formerly Art. 48A, § 79.