Volume 793, Page 964 View pdf image |
Ch. 36 1995 LAWS OF MARYLAND AN INSURER SHALL MAINTAIN THE MINIMUM INVESTMENTS REQUIRED BY (1) A DEPOSIT WITH ANY GOVERNMENT IN THE UNITED STATES; OR (2) TRUSTEED ASSETS HELD IN TRUST FOR THE SECURITY OF THE (D) ADDITIONAL INVESTMENT REQUIREMENTS. (1) AFTER SATISFYING THE MINIMUM INVESTMENT REQUIREMENTS OF (2) AN INSURER SHALL MAINTAIN THE INVESTMENTS REQUIRED BY (3) EXCEPT FOR REAL PROPERTY ACQUIRED UNDER § 5,-608(N) OF THIS (I) THE SECURITY OR INVESTMENT IS INTEREST-BEARING, (II) THE SECURITY OR INVESTMENT IS NOT THEN IN DEFAULT IN (III) THE INSURER IS ENTITLED TO THE INTEREST OR INCOME (E) OTHER INVESTMENTS. AFTER SATISFYING THE MINIMUM INVESTMENT REQUIREMENTS OF THIS REVISOR'S NOTE: This section is new language derived without substantive In subsection (a) of this section, the former word "only", which modified - 964 -
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Volume 793, Page 964 View pdf image |
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