(a) In determining the financial condition of an insurer, the following assets that the insurer owns shall be allowed as admitted assets: (1) cash that the insurer holds or that it controls while the cash is in transit, and the true balance of any deposit in a solvent bank or trust company; (2) shares or deposits in a […]
(a) Notwithstanding § 5-101 of this subtitle, in determining the financial condition of an insurer, the following expressly are not allowed as admitted assets: (1) organizational expenses, trade names, and other similar intangible assets; (2) except for policy loans, a secured or unsecured advance to an officer of the insurer; (3) an advance given only on personal security to […]
In determining the financial condition of an insurer, capital stock and liabilities to be charged against the insurer’s assets include: (1) the amount of any capital stock outstanding; (2) the amount, estimated in accordance with this article, that is needed to pay: (i) all of the insurer’s reported or unreported losses and claims incurred on or before the […]
(a) (1) In this section the following words have the meanings indicated. (2) “Backplant” means a title plant that antedates the period of time covered by an existing title plant, or that covers additional parcels of land. (3) “Title plant” means an integrated and indexed collection of title records consisting of documents, maps, surveys, or entries affecting title to […]
