§ 7–203
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 7-203 (2026)
Title 7. Maryland Insurance Acquisitions Disclosure and Control Act
Subtitle 2. Acquisitions and Investments -- in General
§ 7–203LinkCopy Citation
(a)
(1)
Except as provided in subsection (b) of this section, within 3 years after a domestic insurer ends its control of a subsidiary, the domestic insurer shall dispose of all investments in the subsidiary that were made under § 7-202 of this subtitle.
(2)
The Commissioner may extend the time for disposal of the investments.
(b)
A domestic insurer is not required to dispose of an investment under subsection (a) of this section if, after the investment is made:
(1)
the investment meets the requirements for investment under another provision of this article; and
(2)
the domestic insurer notifies the Commissioner that the investment meets the other requirements.