# Insurance (GIN)

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

### Subtitle 6. Investments of Insurers Other Than Life Insurers

#### Section 5-604

(a) An insurer may not make an investment or loan unless the investment or loan is authorized by:

  (1) the board of directors of the insurer; or

  (2) a committee authorized by the board of directors of the insurer to supervise or make investments and loans.

(b) The committee described in subsection (a)(2) of this section shall:

  (1) record its minutes; and

  (2) submit regular reports of the committee to the board of directors.

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