Volume 793, Page 973 View pdf image |
PARRIS N. GLENDENING, Governor Ch. 36 (2) THE AGGREGATE AMOUNT OF THE INVESTMENTS MADE UNDER (I) THE AMOUNT OF THE RESERVES OF THE INSURER AND OTHER (II) THE AMOUNT THAT THE INSURER IS REQUIRED BY LAW TO (Q) STOCKS AND DEBENTURES OF HOUSING AUTHORITIES. THE RESERVE INVESTMENTS OF AN INSURER MAY INCLUDE STOCKS OR (R) SHARES OF SAVINGS AND LOAN OR BUILDING AND LOAN ASSOCIATIONS. THE RESERVE INVESTMENTS OF AN INSURER MAY INCLUDE SHARES OR (S) DIVIDEND-PAYING COMMON STOCK. (1) SUBJECT TO PARAGRAPH (2) OF THIS SUBSECTION, THE RESERVE (2) TO THE EXTENT NECESSARY TO SATISFY THE RESERVE (I) 10% OF ITS TOTAL ADMITTED ASSETS IN PREFERRED STOCK (II) 10% OF ITS TOTAL ADMITTED ASSETS IN COMMON STOCK (III) 5% OF ITS TOTAL ADMITTED ASSETS IN THE STOCK OF ANY (T) OTHER INVESTMENTS. THE RESERVE INVESTMENTS OF AN INSURER MAY INCLUDE ANY OTHER - 973 -
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Volume 793, Page 973 View pdf image |
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