{"data":{"id":"us-md/md.-code-insurance-5-604","jurisdiction":"us-md","citation":"Md. Code, Insurance § 5–604","heading":"","body":"(a) An insurer may not make an investment or loan unless the investment or loan is authorized by:\n(1) the board of directors of the insurer; or\n(2) a committee authorized by the board of directors of the insurer to supervise or make investments and loans.\n(b) The committee described in subsection (a)(2) of this section shall:\n(1) record its minutes; and\n(2) submit regular reports of the committee to the board of directors.","path":["Article - Insurance"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gin\u0026section=5-604","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:59:28Z","sha256":"c952aec7bbddab6c08cbbfe74d5fddc1e791cd703eb8b5474d2e4337703ad452","source_id":"us-md","stale":false,"prev":"us-md/md.-code-insurance-5-603","next":"us-md/md.-code-insurance-5-605"},"notice":"GroundRules: Original legal text. Not legal advice."}