Md. Code, Ins. § 5-606
Md. Code, Ins. § 5-606
Maryland · Maryland Code, Insurance · Status: effective
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- Citation
- Md. Code, Ins. § 5-606, Maryland, version 1 as recorded 2026-09-29, yourstate.us, https://yourstate.us/provision/1778680
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Full text
(a) (1) Except as otherwise specifically provided in this subtitle, an insurer may not have more than 10% of its total admitted assets invested in or lent on the securities of one person.
(2) Paragraph (1) of this subsection does not apply to:
(i) the classes of governmental obligations eligible for minimum capital investments of the insurer, including those obligations eligible under § 5-608(l) of this subtitle; or
(ii) investments in stock of other insurers.
(b) An insurer may not acquire the kind of real property specified in § 5-608(n)(1)(i) and (ii) of this subtitle if the value of the real property, plus the value of all of the real property then held by the insurer, exceeds 10% of the insurer’s total admitted assets.