# Insurance (GIN)

## Title 14. Entities That Act as Health Insurers

### Subtitle 1. Nonprofit Health Service Plans

#### Section 14-120

(a) In this section, "group health care" means a practice by which an affiliate or subsidiary of a nonprofit health service plan engages the services of health care specialists who provide health care at predetermined locations in accordance with a prepaid health plan.

(b)

  (1) Except as provided in paragraph (2) of this subsection, a corporation subject to this subtitle may invest its funds only in assets allowed for the investment of the funds of life insurers under Sec.Sec. 5-101 and 5-102 and Title 5, Subtitle 5 of this article.

  (2) If the Commissioner determines that a corporation subject to this subtitle is engaged principally in the business of group health care rather than the sale of an insurance product or plan described in Sec. 14-102 of this subtitle, the Commissioner may allow the corporation to invest a sum not to exceed 50% of its assets in real estate for use as medical facilities and fixed medical equipment to be used solely for the purpose of engaging in group health care.

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Md. Code Ann., Ins. (as displayed at mgaleg.maryland.gov, October 16, 2026)