(a) This section does not apply to:
(1) policy loans made under this subtitle; or
(2) general obligations of the United States, Canada, or a state.
(b) Unless the Commissioner approves, a life insurer may not have at one time any combination of investments in or loans on the security of the obligations, property, or securities of one person in an aggregate amount exceeding 10% of the admitted assets of the life insurer.
Structure Maryland Statutes
Title 5 - Assets, Liabilities, Reserves, and Investments of Insurers
Subtitle 5 - Investments of Life Insurers
Section 5-501 - Scope of Subtitle
Section 5-502 - Investments of Foreign or Alien Life Insurers
Section 5-503 - Date When Eligibility of Investment Determined
Section 5-504 - General Qualifications of Investments
Section 5-505 - Authorization of Investments and Loans
Section 5-506 - Prohibited Investments and Loans
Section 5-507 - Investment in One Person
Section 5-509 - Foreign Investments
Section 5-510 - Investment Requirements
Section 5-511 - Classes of Reserve Investments
Section 5-512 - Separate Investment Accounts for Funding Qualified Plans