In 2008, Washington, D.C., Schools Chancellor Michelle Rhee dusted off a decade -
old statute permitting principals to weigh other factors alongside seniority when making staffing decisions.
They trade like bonds, but by the
old Maryland
statute, they are not bonds — they don't fit any categories of
permitted investments, and as such could only be held if we had sufficient surplus, which we did not, and probably most life insurers in Maryland did not.