Current with changes from the 2024 Legislative Session
Section 9-217 - Loans and pledges of assets(a) To facilitate the rehabilitation, liquidation, conservation, or dissolution of an insurer under this subtitle, the Commissioner, subject to the approval of the court, may: (2) execute, acknowledge, and deliver notes or other evidences of indebtedness for the loan;(3) secure the repayment of the loan by the mortgage, pledge, assignment, or transfer in trust of all or part of the property of the insurer; and(4) take any other action necessary and proper to consummate the loan and to provide for its repayment.(b) The Commissioner is not obligated personally or in an official capacity to repay a loan made under this section.