§ 7-608. Violation an independent basis for disapproving dividends or distributions
West's Annotated Code of MarylandInsuranceEffective: January 1, 2014
Effective: January 1, 2014
MD Code, Insurance, § 7-608
§ 7-608. Violation an independent basis for disapproving dividends or distributions
Whenever it appears to the Commissioner that a person has committed a violation of § 7-603(h) of this subtitle that prevents a full understanding of the enterprise risk to the insurer by affiliates or by the insurance holding company system, the violation may serve as an independent basis for disapproving dividends or distributions and placing the insurer under an order of supervision in accordance with § 7-804 of this title.
Credits
Added by Acts 2013, c. 115, § 1, eff. Jan. 1, 2014.
MD Code, Insurance, § 7-608, MD INSURANCE § 7-608
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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