Md. Code, Insurance § 5-504
Md. Code, Insurance § 5-504
in effect(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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gin§ion=5-504&enactments=falseFetched: 10/17/2026