Code of Maryland Regulations
Title 31 - MARYLAND INSURANCE ADMINISTRATION
Subtitle 09 - LIFE INSURANCE AND ANNUITIES
Chapter 31.09.07 - Charitable Gift Annuities
Section 31.09.07.04 - Investment Requirements

Universal Citation: MD Code Reg 31.09.07.04

Current through Register Vol. 51, No. 19, September 20, 2024

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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