§ 7-804
66 words·~1 min read·
/md/insurance/7-804A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§7–804.
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.