(a) An insurer shall maintain active life reserves for all health insurance policies. (b) The active life reserves: (1) shall place a sound value on the insurer’s liabilities under the health insurance policies; (2) may not be less than the reserves required by the appropriate standards set forth in regulations that the Commissioner adopts; and (3) in the aggregate, may not be less than the pro rata gross unearned premiums for the health insurance policies.
Maryland Legal Code