Code of Maryland Regulations
Title 31 - MARYLAND INSURANCE ADMINISTRATION
Subtitle 05 - ASSETS, LIABILITIES, RESERVES, AND INVESTMENTS OF INSURERS
Chapter 31.05.07 - Life and Health Reinsurance Agreements
Section 31.05.07.02 - Scope
Universal Citation: MD Code Reg 31.05.07.02
Current through Register Vol. 51, No. 19, September 20, 2024
A. This chapter applies to:
(1) Each domestic life and accident and health insurer, including nonprofit health service plans;
(2) Any other licensed life and accident and health insurer, including a nonprofit health services plan, that is not subject to a substantially similar regulation in its domiciliary state; and
(3) Each licensed property and casualty insurer with respect to its accident and health business.
B. This chapter does not apply to:
(1) Assumption reinsurance;
(2) Yearly renewable term reinsurance; or
(3) Certain nonproportional reinsurance, such as stop loss or catastrophe reinsurance.
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