1. (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.

2. (b) An insurer's aggregate reserves for all life insurance policies may not be less than the aggregate reserves calculated in accordance with:

   1. (1) the methods set forth in §§ 5-307, 5-308, 5-311, and 5-312 of this subtitle; and
   2. (2) the mortality tables and rates of interest used in calculating nonforfeiture benefits for those policies.

Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997. Amended by Acts 1996, c. 60, § 1, eff. Oct. 1, 1997.

Formerly Art. 48A, § 83.