{"data":{"id":"us-md/md.-code-insurance-5-1003","jurisdiction":"us-md","citation":"Md. Code, Insurance § 5–1003","heading":"","body":"(a) (1) Subject to § 5-1004 of this subtitle and except as provided under § 5-1005 of this subtitle, an insurer may not retain a risk on any one subject of insurance, whether located or to be performed in the State or outside of the State, in an amount exceeding 10% of the insurer’s surplus to policyholders.\n(2) An insurer’s surplus to policyholders shall be determined at the time a risk is assumed from the more recent of:\n(i) the last sworn statement of the insurer on file with the Commissioner; or\n(ii) the last examination report of the insurer.\n(b) In determining the amount of risk retained by an insurer, a deduction shall be made for reinsurance ceded by the insurer for which credit is allowed under § 5-904 of this title.","path":["Article - Insurance"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gin\u0026section=5-1003","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:59:28Z","sha256":"bd980ae6b63db37a5190b62cce9cccc9cb8201faef5aa32eb4c210212d3238c9","source_id":"us-md","stale":false,"prev":"us-md/md.-code-insurance-5-1002","next":"us-md/md.-code-insurance-5-1004"},"notice":"GroundRules: Original legal text. Not legal advice."}