Maryland Code, INSURANCE 5-302
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Terms Used In Maryland Code, INSURANCE 5-302
- Contract: A legal written agreement that becomes binding when signed.
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.