Maryland Statutes
§ 5-609
Maryland § 5-609
This text of Maryland § 5-609 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 § 5-609 (2026).
Text
(a)Each insurer shall dispose of any investments acquired in violation of the law in force on the date of acquisition of the investment.
(b)In any determination of the financial condition of an insurer with investments acquired in violation of the law, the amount of the value of investments, if wholly ineligible, or the amount of the value of the investments in excess of any limitation prescribed by this subtitle, shall be deducted as a nonadmitted asset of the insurer.
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Bluebook (online)
Maryland § 5-609, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gin/5-609.