§ 5-606
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/md/insurance/5-606A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§5–606.
(1)Except as otherwise specifically provided in this subtitle, an insurer may not have more than 10% of its total admitted assets invested in or lent on the securities of one person.
(2)Paragraph
(1)of this subsection does not apply to:
(i)the classes of governmental obligations eligible for minimum capital investments of the insurer, including those obligations eligible under § 5-608(l) of this subtitle; or
(ii)investments in stock of other insurers.
(b)An insurer may not acquire the kind of real property specified in § 5-608(n)(1)(i) and
(ii)of this subtitle if the value of the real property, plus the value of all of the real property then held by the insurer, exceeds 10% of the insurer’s total admitted assets.