§ 7–804
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 7-804 (2026)
Title 7. Maryland Insurance Acquisitions Disclosure and Control Act
Subtitle 8. Enforcement
§ 7–804LinkCopy Citation
If the Commissioner finds that a violation of this title impairs the financial condition of a domestic insurer so as to threaten insolvency or make the further transaction of business hazardous to policyholders, creditors, shareholders, or the public, the Commissioner may institute proceedings in accordance with Title 9, Subtitle 2 of this article to take possession of the domestic insurer’s property and conduct its business.