Section 5-312 - Policies and contracts issued on or after operative date of Standard Nonforfeiture Law - Reserve calculation for indeterminate premium plans(a) This section applies to: (1) a plan of life insurance that provides for future premiums to be determined by the insurer based on estimates of future experience; and(2) a plan of life insurance or annuity that is of a nature that precludes determining the minimum reserves by the methods described in §§ 5-307, 5-308, and 5-311 of this subtitle.(b) In accordance with regulations adopted by the Commissioner, the reserves that are held under a plan described in subsection (a) of this section shall: (1) be appropriate in relation to the benefits and pattern of premiums for that plan; and(2) be computed by a method that is consistent with the principles of this subtitle.