Section 5-504 - General qualifications of investments(a) A life insurer may not purchase an investment or security at a price above its market value.(b) Subsection (a) of this section does not prohibit a life insurer from acquiring control of another insurer.(c) This subtitle does not prohibit a life insurer from acquiring other or additional securities or property that is received: (2) as a lawful distribution of assets; or(3) under a lawful and bona fide agreement of bulk reinsurance, merger, or consolidation.