Md. Code, Insurance § 7-203
Md. Code, Insurance § 7-203
in effect(a) (1) Except as provided in subsection (b) of this section, within 3 years after a domestic insurer ends its control of a subsidiary, the domestic insurer shall dispose of all investments in the subsidiary that were made under § 7-202 of this subtitle.
(2) The Commissioner may extend the time for disposal of the investments.
(b) A domestic insurer is not required to dispose of an investment under subsection (a) of this section if, after the investment is made:
(1) the investment meets the requirements for investment under another provision of this article; and
(2) the domestic insurer notifies the Commissioner that the investment meets the other requirements.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gin§ion=7-203&enactments=falseFetched: 10/17/2026