§ 7-201. Authority of insurer to acquire subsidiary
West's Annotated Code of MarylandInsuranceEffective: January 1, 2014
Effective: January 1, 2014
MD Code, Insurance, § 7-201
§ 7-201. Authority of insurer to acquire subsidiary
(a) In addition to any other investment allowed elsewhere in this article, a domestic insurer, either alone or with another person, may invest in or otherwise acquire a subsidiary that engages in or is registered to engage in one or more of the following insurance businesses or business activities that are ancillary to an insurance business:
(4) managing an investment company that is subject to the Investment Company Act of 1940,1 including managing related sales and services of the investment company;
(5) acting as a broker-dealer that is subject to the Securities Exchange Act of 1934;2
Credits
Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997. Amended by Acts 1997, c. 293, § 2, eff. Oct. 1, 1997; Acts 2013, c. 115, § 1, eff. Jan. 1, 2014.
Formerly Art. 48A, § 493.
Footnotes
Aug. 22, 1940, ch. 686, Title I, 54 Stat. 789, codified at 15 U.S.C.A. § 80a-1 et seq.
June 22, 1944, ch. 268, 58 Stat. 284, codified at 15 U.S.C.A. § 78a et seq.
MD Code, Insurance, § 7-201, MD INSURANCE § 7-201
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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