Md. Code, Ins. § 27-215. Interlocking ownership or common management between insurers: Unfair Methods of Competition and Unfair and Deceptive Acts or Practices – Maryland

Status: Enacted
Year Enacted: 1997
File: Download

An insurer may retain, invest in, or acquire all or part of the capital stock of another insurer or have common management with another insurer, unless the retention, investment, acquisition, or common management is inconsistent with another provision of this article or causes the business of the insurers with the public to be conducted in a manner that substantially lessens competition generally in the insurance business or tends to create a monopoly in the insurance business.

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