(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.
Structure Maryland Statutes
Title 5 - Assets, Liabilities, Reserves, and Investments of Insurers
Subtitle 6 - Investments of Insurers Other Than Life Insurers
Section 5-601 - Scope of Subtitle
Section 5-602 - Investments of Foreign or Alien Insurers
Section 5-603 - Date When Eligibility of Investment Determined
Section 5-604 - Authorization of Investments and Loans
Section 5-605 - Prohibited Investments and Loans
Section 5-606 - Limitation on Amount of Investments
Section 5-607 - Investment Requirements