Maryland Code, Insurance § 5-402

(1) has a fixed term and rate of interest;

(2) is held by an insurer;

(3) is amply secured; and

(4) is not in default as to principal or interest.

(b)(1) A bond or other evidence of indebtedness subject to this section may be valued:

(2) The purchase price may not be valued at a higher figure than the sum of:

(3) Unless otherwise provided by a valuation that the Commissioner establishes or approves, a bond or other evidence of indebtedness may not be carried on its books at above the call price for the entire issue during any period within which the security may be called.