Code of Maryland Regulations (Last Updated: April 6, 2021) |
Title 31. Maryland Insurance Administration |
Subtitle 05. ASSETS, LIABILITIES, RESERVES, AND INVESTMENTS OF INSURERS |
Chapter 31.05.05. Valuation Standards for Group Annuity and Pure Endowment Contracts |
Sec. 31.05.05.01. Purpose
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The purpose of this chapter is to approve the use of new mortality tables adopted by the National Association of Insurance Commissioners after 1980 as a basis for determining the minimum standards of valuation of annuities and pure endowments purchased under group annuity and pure endowment contracts.