706 LAWS OF MARYLAND. [CH. 561

(v) For Accidental Death benefits in or supplementary to
policies—the Inter-Company Double Indemnity Mor-
tality Table combined with a mortality table per-
mitted for calculating the reserves for life insurance
policies.

(vi) For Group Life insurance, life insurance issued on
the sub-standard basis and other special benefits—
such tables as may be approved by the Commissioner.

(b) Reserves according to the Commissioners reserve valu-
ation method, for the life insurance and endowment benefits of
policies providing for a uniform amount of insurance and re-
quiring the payment of uniform premiums shall be the excess,
if any, of the present value, at the date of valuation, of such
future guaranteed benefits provided for by such policies, over
the then present value of any future modified net premiums
therefor. The modified net premiums for any such policy shall
be such uniform percentage of the respective contract pre-
miums for such benefits that the present value, at the date of
issue of the policy, of all such modified net premiums shall be
'equal to the sum of the then present value of such benefits
provided for by the policy and the excess of (A) over (B), as
follows:

(A) A net level annual premium equal to the present value,
at the date of issue, of such benefits provided for after
the first policy year, divided by the present value, at
the date of issue, of an annuity of one per annum pay-
able on the first *and each subsequent anniversary of
such policy on which a premium falls due; provided,
however, that such net level annual premium shall not
exceed the net level annual premium on the nineteen
year premium whole life plan for insurance of the
same amount at an age one year higher than the age
at issue of such policy.

(B) A net one year term premium for such benefits pro-
vided for in the first policy year.

Reserves according to the Commissioners reserve valuation
method for (i) life insurance policies providing for a varying
amount of insurance or requiring the payment of varying pre-
miums, (ii) annuity and pure endowment contracts, (iii) dis-
ability and accidental death benefits in all policies and con-
tracts, and (iv) all other benefits, except life insurance and en-
dowment benefits in life insurance policies, shall be calculated
by a method consistent with the principles of this Paragraph

w. .