# COMAR 31.05.10.02: COMAR 31.05.10.02. Contingency Reserve Requirements

> Maryland · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_05_10_02

## Section

- **Citation:** COMAR 31.05.10.02
- **Heading:** COMAR 31.05.10.02. Contingency Reserve Requirements
- **Jurisdiction:** Maryland
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Code of Maryland Regulations / Title 31 MARYLAND INSURANCE ADMINISTRATION / Subtitle 05 ASSETS, LIABILITIES, RESERVES, AND INVESTMENTS OF INSURERS / Chapter 10 Financial Guaranty Insurance / COMAR 31.05.10.02

## Text

A. In General.
(1) In addition to the unearned premium reserve and the liability established for unpaid losses and loss adjustment expenses, a financial guaranty insurer shall maintain a contingency reserve.
(2) The purpose of the contingency reserve is to protect policyholders against loss during periods of extreme economic contraction.
B. Amount of Contingency Reserve. The contingency reserve shall be computed in accordance with COMAR 31.04.01.04 .
Cross References 31.05.10.03B(2)

## Nearby sections

- [COMAR 31.05.10.01 COMAR 31.05.10.01. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_05_10_01.md)
- [COMAR 31.05.10.02 COMAR 31.05.10.02. Contingency Reserve Requirements](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_05_10_02.md)
- [COMAR 31.05.10.03 COMAR 31.05.10.03. Scope of Certificate of Authority](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_05_10_03.md)
- [COMAR 31.05.10.04 COMAR 31.05.10.04. Credit Risk Exposure Limits](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_05_10_04.md)
- [COMAR 31.05.10.05 COMAR 31.05.10.05. Aggregate Risk Limits](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_05_10_05.md)
- [COMAR 31.05.10.06 COMAR 31.05.10.06. Single Risk Limits](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_05_10_06.md)
- [COMAR 31.05.10.07 COMAR 31.05.10.07. Insurers That Exceed Limitations](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_05_10_07.md)
- [COMAR 31.05.10.08 COMAR 31.05.10.08. Collateral](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_05_10_08.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_05_10_02. Check the current official text before relying on it. Not legal advice.