State Codes and Statutes
Statutes > Maryland > Insurance > Title-5 > Subtitle-5 > 5-503§ 5-503. Date when eligibility of investment determined.
(a) In general.- The eligibility of an investment shall be determined as of the date of the making or acquisition of the investment.
(b) Investment limitations.- An investment limitation that is based on the amount of assets or particular funds of a life insurer shall relate to those assets or funds as shown by:
(1) the annual statement of the life insurer as of the December 31 immediately preceding the date of acquisition of the investment by the life insurer; or
(2) a current financial statement of the life insurer that reflects the result of merger or consolidation with another insurer, bulk reinsurance, or change in capitalization.
[An. Code 1957, art. 48A, § 88; 1995, ch. 36.]
