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§ 5-603. Investment limitations based on assets or particular funds

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 5. Assets, Liabilities, Reserves, and Investments of Insurers
Subtitle 6. Investments of Insurers Other than Life Insurers (Refs & Annos)
MD Code, Insurance, § 5-603
§ 5-603. Investment limitations based on assets or particular funds
Currentness
Eligibility based on date of making or acquisition of investment
(a) The eligibility of an investment shall be determined as of the date of the making or acquisition of the investment.
Limitations based on amount of assets or particular funds
(b) An investment limitation that is based on the amount of assets or particular funds of an insurer shall relate to the assets or funds as shown by:
(1) the annual statement of the insurer as of the December 31 immediately preceding the date of acquisition of the investment by the insurer; or
(2) a current financial statement of the insurer filed with the Commissioner that reflects the result of merger or consolidation with another insurer, bulk reinsurance, or change in capitalization.

Credits

Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, § 99.
MD Code, Insurance, § 5-603, MD INSURANCE § 5-603
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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