Volume 795, Page 886 View pdf image |
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Ch. 35 1997 LAWS OF MARYLAND ACTIVITIES INTO RISK AND NONRISK BUSINESS FOR THE PURPOSE OF DETERMINING (D) LARGER SURPLUS REQUIRED. IF THE COMMISSIONER DETERMINES AFTER A HEARING THAT A LARGER (E) EXCESSIVE SURPLUS; DISTRIBUTION. (1) THE SURPLUS OF A CORPORATION AUTHORIZED UNDER THIS (I) THE SURPLUS IS GREATER THAN 30% OF THE TOTAL EARNED (II) AFTER A HEARING, THE COMMISSIONER DETERMINES THAT (2) AFTER THE COMMISSIONER HAS DETERMINED THE SURPLUS OF A (I) MAY ORDER THE CORPORATION TO SUBMIT A PLAN FOR (II) IF THE CORPORATION FAILS TO SUBMIT A PLAN OF (3) A DISTRIBUTION ORDERED UNDER PARAGRAPH (2) OF THIS (F) RESTRICTIONS ON DISTRIBUTION. THE COMMISSIONER MAY NOT ORDER A DISTRIBUTION OR PLAN FOR REVISOR'S NOTE: This section is new language derived without substantive In subsection (a)(1) of this section, the former phrase "in § 355 of this - 886 -
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Volume 795, Page 886 View pdf image |
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