Sec. 31.09.07.04. Investment Requirements

Latest version.

A. The reserve assets shall be segregated.

B. The segregated reserve assets shall be invested in the same manner and subject to the same standards as are applicable under Estates and Trust Article, §15-402, Annotated Code of Maryland.

C. The general assets of the organization shall be liable for annuity agreements to the extent that the segregated fund is inadequate.

                    
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