Volume 671, Page 1039 View pdf image (33K) |
J. MILLARD TAWES, Governor 1041 123. Authority to Execute Trust Agreement. An alien insurer using or proposing to use Maryland as a state of 124. Amendment of Trust Agreement. A trust agreement may be amended, but the amendment shall not 125. Withdrawal of Approval. The Commissioner's approval of any trust agreement or of any 126. Title to Trusteed Assets. Title to the trusteed assets is vested in the trustee or trustees and 127. Assets Kept Separate. The trustee shall keep the trusteed assets separate from other 128. Statement of Trustee. (1) The trustee of the trusteed assets shall, from time to time, file (2) If the trustee fails to file any such statement after request 129. Examination of Assets. The Commissioner may examine the trusteed assets of any insurer 130. Withdrawal of Assets. (1) The trust agreement shall provide, in substance, that no with- (i) Any or all income, earnings, dividends or interest accumula-
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Volume 671, Page 1039 View pdf image (33K) |
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