Maryland Code, INSURANCE 7-704
Current as of: 2023 | Check for updates
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Terms Used In Maryland Code, INSURANCE 7-704
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
A domestic insurer shall notify the Commissioner within 30 days after making any investment in one corporation if the total investment in the corporation by the domestic insurer’s insurance holding company system exceeds 10% of the corporation’s voting securities.