§ 5-301 Definitions
§ 5-301.1 Valuation of reserves required
§ 5-302 Policies and contracts issued before operative date of Standard Nonforfeiture Law
§ 5-303 Policies and contracts issued on or after operative date of Standard Nonforfeiture Law – Scope
§ 5-304 Policies and contracts issued on or after operative date of Standard Nonforfeiture Law – Computation of minimum standard
§ 5-305 Policies and contracts issued on or after operative date of Standard Nonforfeiture Law – Computation of minimum standard for annuities
§ 5-306 Policies and contracts issued on or after operative date of Standard Nonforfeiture Law – Computation of minimum standard by calendar year of issue
§ 5-307 Policies and contracts issued on or after operative date of Standard Nonforfeiture Law – Reserve valuation method for life insurance and endowment benefits
§ 5-308 Policies and contracts issued on or after operative date of Standard Nonforfeiture Law – Reserve valuation method for annuity and pure endowment benefits
§ 5-309 Policies and contracts issued on or after operative date of Standard Nonforfeiture Law – Minimum reserves for life insurance policies
§ 5-310 Policies and contracts issued on or after operative date of Standard Nonforfeiture Law – Optional reserve calculation
§ 5-311 Policies and contracts issued on or after operative date of Standard Nonforfeiture Law – Reserve calculation for valuation net premium exceeding gross premium charged
§ 5-312 Policies and contracts issued on or after operative date of Standard Nonforfeiture Law – Reserve calculation for indeterminate premium plans
§ 5-313 Valuation manual
§ 5-314 Valuation manual – Reserves
§ 5-315 Submission of data as required in valuation manual
§ 5-316 Confidentiality
§ 5-317 Exemptions
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Terms Used In Maryland Code > INSURANCE > Title 5 > Subtitle 3 - Standard Valuation Law

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • including: means includes or including by way of illustration and not by way of limitation. See
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Oversight: Committee review of the activities of a Federal agency or program.
  • Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • state: means :

    (1) a state, possession, territory, or commonwealth of the United States; or

    (2) the District of Columbia. See
  • Subpoena: A command to a witness to appear and give testimony.
  • Testify: Answer questions in court.