§ 5–606
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 5-606 (2026)
Title 5. Assets, Liabilities, Reserves, and Investments of Insurers
Subtitle 6. Investments of Insurers Other Than Life Insurers
§ 5–606LinkCopy Citation
(a)
(1)
Except as otherwise specifically provided in this subtitle, an insurer may not have more than 10% of its total admitted assets invested in or lent on the securities of one person.
(2)
Paragraph (1) of this subsection does not apply to:
(i)
the classes of governmental obligations eligible for minimum capital investments of the insurer, including those obligations eligible under § 5-608(l) of this subtitle; or
(ii)
investments in stock of other insurers.
(b)
An insurer may not acquire the kind of real property specified in § 5-608(n)(1)(i) and (ii) of this subtitle if the value of the real property, plus the value of all of the real property then held by the insurer, exceeds 10% of the insurer’s total admitted assets.