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Subtitle 1 - Definitions; General Provisions
Section 7-101 - Definitions - (a) In this title the following words have the meanings...
Section 7-102 - Legislative Findings; Statement of Policy - (a) The General Assembly finds that the public interest and...
Section 7-103 - Scope of Title - (a) Except as otherwise specifically provided, the provisions of this...
Section 7-104 - Presumption of Control - (a) (1) Control is presumed to exist if a person...
Section 7-105 - Standards for Reasonableness of Assets and Surplus as Regards Policyholders - (a) For purposes of this title, in determining whether an...
Section 7-106 - Confidentiality - (a) Except as provided in subsections (b) and (c) of...
Section 7-107 - Right to Hearing and Appeal - An insurer aggrieved by an order of the Commissioner under...
Section 7-108 - Powers, Remedies, Procedures, and Penalties Additional to Others - The powers, remedies, procedures, and penalties provided in this title...
Section 7-109 - Conflict With Other Laws - All laws and parts of laws of the State that...
Subtitle 2 - Acquisitions and Investments -- in General
Section 7-201 - Authority to Acquire Subsidiary - (a) In addition to any other investment allowed elsewhere in...
Section 7-202 - Limitations on Investments in Subsidiaries - (a) The investments authorized in this section are in addition...
Section 7-203 - Disposal of Investments When Control Ends - (a) (1) Except as provided in subsection (b) of this...
Subtitle 3 - Acquisition of Control of Domestic Insurer or Insurance Holding Company
Section 7-301 - Scope of Subtitle - (a) Except as otherwise provided in this section, this subtitle...
Section 7-302 - Compliance With Subtitle Required - With respect to a transaction subject to this subtitle, a...
Section 7-303 - Pre-Acquisition or Pre-Divestiture Notification - (a) With respect to a transaction subject to this subtitle,...
Section 7-304 - Statement - (a) A person seeking to acquire control of a domestic...
Section 7-305 - Invitations for Tenders and Agreements - (a) At the time a person files the statement required...
Section 7-306 - Review of Transactions by Commissioner - (a) A transaction subject to this subtitle may not be...
Section 7-307 - Additional Experts - At the expense of the acquiring person, the Commissioner may...
Section 7-308 - Effects of Filing Statement - (a) The courts of the State have jurisdiction over: (1)...
Section 7-309 - Failure to File Statement or Making Unauthorized Acquisition or Divestiture - A person violates this title if: (1) the person fails...
Subtitle 4 - Acquisition of Control of Insurer
Section 7-401 - Acquisitions Subject to Subtitle - Except as provided in § 7-402 of this subtitle, this...
Section 7-402 - Transactions Excluded From Subtitle - This subtitle does not apply to: (1) an acquisition that...
Section 7-403 - Pre-Acquisition Notification Requirements - (a) (1) The acquiring person in an acquisition subject to...
Section 7-404 - Waiting Period - (a) The waiting period for an acquisition subject to this...
Section 7-405 - Orders by Commissioner - (a) (1) Except as provided in subsection (b) of this...
Section 7-406 - Penalty for Failure to File Pre-Acquisition Notification - A person required to file a pre-acquisition notification under this...
Subtitle 5 - Acquisition of Health Service Plan
Section 7-501 - Acquisition of Control of Foreign Nonprofit Health Service Plan - (a) This section does not apply to: (1) a transaction...
Section 7-502 - Security on Acquisition of Nonprofit Health Service Plan or Other Insurer - (a) This section applies to a nonprofit health service plan...
Subtitle 6 - Registration of Insurers in Insurance Holding Company Systems
Section 7-601 - Registration Required - (a) (1) Except as provided in subsection (b) of this...
Section 7-602 - Time for Registration - (a) Except as provided in subsection (b) of this section,...
Section 7-603 - Registration Statement - (a) Each insurer subject to registration shall file the registration...
Section 7-604 - Termination of Registration - The Commissioner shall terminate the registration requirement for each insurer...
Section 7-605 - Examination About Registration and Risk Report - (a) (1) To verify the information required in the insurer’s...
Section 7-606 - Disclaimer of Affiliation - (a) An insurer, a member of an insurance holding company...
Section 7-607 - Failure to File Statement or Enterprise Risk Report; Penalties - (a) Failure to file the registration statement, summary, or enterprise...
Section 7-608 - Violation of Enterprise Risk Report Requirements - Whenever it appears to the Commissioner that a person has...
Subtitle 7 - Transactions Within Insurance Holding Company Systems
Section 7-701 - Effect of Subtitle - (a) This subtitle applies to insurers that are subject to...
Section 7-702 - Standards for Transactions - Each transaction within an insurance holding company system to which...
Section 7-703 - Regulation of Transactions - (a) (1) Before a domestic insurer and another member of...
Section 7-704 - Notice to Commissioner of Investment in One Corporation - A domestic insurer shall notify the Commissioner within 30 days...
Section 7-705 - Regulation of Dividends and Distributions -- in General - (a) Except as provided in § 7-706 of this subtitle,...
Section 7-706 - Regulation of Dividends and Distributions -- Extraordinary Dividends and Distributions - (a) (1) In this section, “earned surplus” means the part...
Subtitle 8 - Enforcement
Section 7-801 - Jurisdiction of State Courts - Any person that obtains control of a domestic insurer is...
Section 7-802 - Civil Penalty - (a) In addition to any other penalty provided by law,...
Section 7-802.1 - Violations of Reporting and Submissions Requirements - (a) A director or an officer of an insurance holding...
Section 7-803 - Unfair Trade Practices - (a) Any violation of this title is an unfair trade...
Section 7-804 - Delinquency Proceedings - If the Commissioner finds that a violation of this title...
Section 7-805 - Petitions for Injunctive or Other Relief - (a) If a person acquires or offers to acquire stock...
Section 7-806 - Recovery of Payments and Distributions - (a) (1) Except as provided in paragraph (2) of this...
Section 7-807 - Criminal Penalties; False Statements, Reports, or Filings - (a) (1) Whenever it appears to the Commissioner that any...