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§ 7-608. Violation an independent basis for disapproving dividends or distributions

West's Annotated Code of MarylandInsuranceEffective: January 1, 2014

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 7. Maryland Insurance Acquisitions Disclosure and Control Act (Refs & Annos)
Subtitle 6. Registration of Insurers in Insurance Holding Company Systems (Refs & Annos)
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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