{"data":{"id":"us-md/md.-code-insurance-14-120","jurisdiction":"us-md","citation":"Md. Code, Insurance § 14–120","heading":"","body":"(a) In this section, “group health care” means a practice by which an affiliate or subsidiary of a nonprofit health service plan engages the services of health care specialists who provide health care at predetermined locations in accordance with a prepaid health plan.\n(b) (1) Except as provided in paragraph (2) of this subsection, a corporation subject to this subtitle may invest its funds only in assets allowed for the investment of the funds of life insurers under §§ 5-101 and 5-102 and Title 5, Subtitle 5 of this article.\n(2) If the Commissioner determines that a corporation subject to this subtitle is engaged principally in the business of group health care rather than the sale of an insurance product or plan described in § 14-102 of this subtitle, the Commissioner may allow the corporation to invest a sum not to exceed 50% of its assets in real estate for use as medical facilities and fixed medical equipment to be used solely for the purpose of engaging in group health care.","path":["Article - Insurance"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gin\u0026section=14-120","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:59:28Z","sha256":"56861f7f91b5fb1fe0aff9f4e5d35c76638a3f18d946da8f57400821721e87a4","source_id":"us-md","stale":false,"prev":"us-md/md.-code-insurance-14-119","next":"us-md/md.-code-insurance-14-121"},"notice":"GroundRules: Original legal text. Not legal advice."}