Volume 793, Page 962 View pdf image |
Ch. 36 1995 LAWS OF MARYLAND (1) AN INSURER MAY NOT DIRECTLY OR INDIRECTLY INVEST IN OR (2) THE AGGREGATE AMOUNT OF FOREIGN INVESTMENTS HELD BY AN (I) 10% OF THE INSURER'S TOTAL ADMITTED ASSETS; (II) ONE AND ONE-HALF TIMES THE AMOUNT OF THE INSURER'S (III) THE AMOUNT NECESSARY TO ENABLE THE INSURER TO REVISOR'S NOTE: This section is new language derived without substantive In subsection (a)(3) of this section, the former specific reference to the In subsection (c)(2)(ii) of this section, the reference to the "insurance Defined terms: "Commissioner" § 1-101 5-606. LIMITATION ON AMOUNT OF INVESTMENTS. (A) INVESTMENT IN ONE PERSON. (1) EXCEPT AS OTHERWISE SPECIFICALLY PROVIDED IN THIS SUBTITLE, (2) PARAGRAPH (1) OF THIS SUBSECTION DOES NOT APPLY TO: (I) THE CLASSES OF GOVERNMENTAL OBLIGATIONS ELIGIBLE - 962 -
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Volume 793, Page 962 View pdf image |
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