Ch. 300                                          LAWS OF MARYLAND

(c) An insurer's aggregate reserves for all life
insurance policies, excluding disability and accidental death
benefits AND BENEFITS FOR LONG-TERM HOME HEALTH CARE AND
LONG-TERM CARE IN A NURSING HOME OR OTHER RELATED INSTITUTION,
may not be less than the aggregate reserves calculated in
accordance with the methods set forth in paragraphs (b-1), (b-2),
(e), and (f) and the mortality table or tables and rate or rates
of interest used in calculating nonforfeiture benefits for such
policies.

401A.

A LIFE INSURANCE POLICY MAY INCLUDE A RIDER OR SUPPLEMENTAL
POLICY PROVISION THAT OFFERS A POLICYHOLDER AN INSURED OR A
CERTIFICATE HOLDER REIMBURSEMENT OR PAYMENT FOR LONG-TERM HOME
HEALTH CARE AND LONG-TERM CARE IN A NURSING HOME OR OTHER RELATED
INSTITUTION IN LIEU OF OR IN ADDITION TO BENEFITS PAYABLE IN THE
EVENT OF THE POLICYHOLDER'S DEATH OF THE INSURED OR THE
CERTIFICATE HOLDER, OR IN LIEU OF ALL OR PART OF A POLICY'S CASH
SURRENDER OR OTHER NONFORFEITURE VALUE.

414.

(1) Any cash surrender value and any paid-up nonforfeiture
benefit, available under the policy in the event of default in a
premium payment due at any time other than on the policy
anniversary, shall be calculated with allowance for the lapse of
time and the payment of fractional premiums beyond the last
preceding policy anniversary. All values referred to in
subsections (d), (e), (f), (g), (h), (i), (j), (k), and (k-1) of
this section may be calculated upon the assumption that any death
benefit is payable at the end of the policy year of death. The
net value of any paid-up additions, other than paid-up term
additions, shall be not less than the amounts used to provide
such additions. Notwithstanding the provisions of subsection
(d) of this section, additional benefits payable:

(1)  In the event of death by accident or accidental
means, or of dismemberment or loss of sight[,];

(2)  In the event of total and permanent
disability[,];

(3)  As reversionary annuity or deferred reversionary
annuity benefits[,];

(4)  As term insurance benefits provided by a rider or
supplemental policy provision to which, if issued as a separate
policy, this section would not apply[,];

(5)  As term insurance on the life of a child or on
the lives of children provided in a policy on the life of a
parent of the child, if such term insurance expires before the

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