{"data":{"id":"us-md/md.-code-insurance-5-504","jurisdiction":"us-md","citation":"Md. Code, Insurance § 5–504","heading":"","body":"(a) A life insurer may not purchase an investment or security at a price above its market value.\n(b) Subsection (a) of this section does not prohibit a life insurer from acquiring control of another insurer.\n(c) This subtitle does not prohibit a life insurer from acquiring other or additional securities or property that is received:\n(1) as a dividend;\n(2) as a lawful distribution of assets; or\n(3) under a lawful and bona fide agreement of bulk reinsurance, merger, or consolidation.","path":["Article - Insurance"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gin\u0026section=5-504","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:59:28Z","sha256":"b744eab893600325b4d787ab2e704b0dc07890ac3ee091d678f822d58d0c7a87","source_id":"us-md","stale":false,"prev":"us-md/md.-code-insurance-5-503","next":"us-md/md.-code-insurance-5-505"},"notice":"GroundRules: Original legal text. Not legal advice."}