# Insurance (GIN)

## Title 5. Assets, Liabilities, Reserves, and Investments of Insurers

### Subtitle 5. Investments of Life Insurers

#### Section 5-504

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