Ch. 11                   LAWS OF MARYLAND

DRAFTER'S NOTE: This corrects a stylistic error in an
internal reference in Article 48A, § 88(2).

The stylistic error occurred in Ch. 553 of the Acts of
1963.

The stylistic error was noted by the Michie Company.

101.

(1)  Except as more specifically provided in this subtitle,
no insurer shall have more than ten percent of its total admitted
assets invested in, or loaned upon the securities of any one
person; but this restriction shall not apply to the classes of
governmental obligations (including those eligible under § 104
(6) (iii) OF THIS SUBTITLE) eligible for minimum capital
investments of such insurer nor to investments in stocks of other
insurers.

(2)  No insurer shall hereafter acquire any real property of
the kind or kinds specified in § 104 (8) (i) and (ii) OF THIS
SUBTITLE if the value of such real property, together with the
value of all such real property then held by it, exceeds ten
percent of its total admitted assets.

DRAFTER'S NOTE: This corrects stylistic errors in
cross-references in Article 48A, § 101.

The stylistic errors occurred in Ch. 553 of the Acts
of 1963.

The stylistic errors were rioted by the professional
staff of the Legislative Division of the Department of
Legislative Reference.

102.

Before investing any of its funds in any other classes of
securities or types of investments, every insurer shall, to the
extent of an amount equal in value to the minimum capital stock
and surplus required of a domestic stock insurer authorized to
transact the same kind or kinds of insurance business, invest its
funds only in securities of the classes described in this
section. Investments equal in value to such an amount and of the
types hereinafter prescribed in this section shall at all times
be maintained free and clear from any lien or pledge other than
as impressed upon a deposit with any government within the United
States or upon trusteed assets held in trust for the security of
all its policyholders and creditors. Minimum capital investments
of such an insurer shall consist of the following classes of
securities and not less than sixty percent of the total amount of
the required minimum capital investments shall consist of the

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