Unannotated Code of Maryland (Last Updated: May 16, 2014) |
INSURANCE |
TITLE 7. MARYLAND INSURANCE ACQUISITIONS DISCLOSURE AND CONTROL ACT |
SUBTITLE 6. REGISTRATION OF INSURERS IN INSURANCE HOLDING COMPANY SYSTEMS |
§ 7-608. Violation of enterprise risk report requirements (Section effective January 1, 2014.)
Latest version.
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Whenever it appears to the Commissioner that a person has committed a violation of § 7-603(h) of this subtitle that prevents a full understanding of the enterprise risk to the insurer by affiliates or by the insurance holding company system, the violation may serve as an independent basis for disapproving dividends or distributions and placing the insurer under an order of supervision in accordance with § 7-804 of this title.