Maryland Statutes
Subtitle 5 - Investments of Life Insurers
Section 5-504 - General Qualifications of Investments

(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.

Structure Maryland Statutes