§ 7-804. Violations impairing financial condition of domestic insurer
West's Annotated Code of MarylandInsurance
MD Code, Insurance, § 7-804
§ 7-804. Violations impairing financial condition of domestic insurer
If the Commissioner finds that a violation of this title impairs the financial condition of a domestic insurer so as to threaten insolvency or make the further transaction of business hazardous to policyholders, creditors, shareholders, or the public, the Commissioner may institute proceedings in accordance with Title 9, Subtitle 2 of this article to take possession of the domestic insurer's property and conduct its business.
Credits
Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997. Amended by Acts 1996, c. 60, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, § 500A.
MD Code, Insurance, § 7-804, MD INSURANCE § 7-804
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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