WILLIAM DONALD SCHAEFER, Governor Ch. 300

(2)  The amount, estimated consistent with the
provisions of this article, necessary to pay all of its unpaid
losses and claims incurred on or prior to the date of statement,
whether reported or unreported, together with the expenses of
adjustment or settlement thereof;

(3)  With reference to life and disability insurance
and annuity contracts:

(i) The amount of reserves on life insurance
policies and annuity contracts in force, valued according to the
tables of mortality, rates of interest, and methods adopted
pursuant to this article which are applicable thereto;

(ii) Reserves for disability benefits, for both
active and disabled lives;

(iii) Reserves for accidental death benefits;
[and]

(IV) RESERVES FOR ADDITIONAL BENEFITS THAT
PROVIDE LONG-TERM HOME HEALTH CARE AND LONG-TERM CARE IN A
NURSING HOME OR OTHER RELATED INSTITUTION; AND

[(iv)] (V) Any additional reserves which may be
reasonably required by the Commissioner on account of such
insurance;

(4)  With reference to insurance other than specified
in paragraph (3) of this section, the amount of reserves equal to
the unearned portions of the gross premiums charged on policies
in force, computed in accordance with this article;

(5)  Any additional reserves which may be reasonably
required by the Commissioner on account of a specific type or
line of insurance; and

(6)  Taxes, expenses and other obligations due or
accrued at the date of the statement.

83.

(3) This subsection shall apply to only those policies and
contracts issued on or after the operative date of § 414 (the
Standard Nonforfeiture Law), except as otherwise provided in
paragraphs (a-2) and (a-3) of this subsection for group annuity
and pure endowment contracts issued prior to the operative date.

(a-1) Except as otherwise provided in paragraphs
(a-2) and (a-3) of this subsection, the minimum standard for the
valuation of all such policies and contracts shall be the
Commissioners reserve valuation methods defined in paragraphs
(b-1), (b-2), and (e), 3 1/2 percent interest, or in the case of

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