§ 5-203. Active life reserves for health insurance policies

Latest version.

   (a) Required. -- An insurer shall maintain active life reserves for all health insurance policies.

(b) Criteria. -- 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.

HISTORY: An. Code 1957, art. 48A, § 79; 1995, ch. 36.

                    
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