Maryland Statutes
§ 5-504
Maryland § 5-504
This text of Maryland § 5-504 is published on Counsel Stack Legal Research, covering Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Md. Code Ann., Insurance § 5-504 (2026).
Text
(a)A life insurer may not purchase an investment or security at a price above its market value.
(b)Subsection (a) of this section does not prohibit a life insurer from acquiring control of another insurer.
(c)This subtitle does not prohibit a life insurer from acquiring other or additional securities or property that is received:
(1)as a dividend;
(2)as a lawful distribution of assets; or
(3)under a lawful and bona fide agreement of bulk reinsurance, merger, or consolidation.
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Bluebook (online)
Maryland § 5-504, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gin/5-504.