With respect to a transaction subject to this subtitle, a person must comply with all requirements of this subtitle before the person:
(1) makes a tender offer for, invites tenders of, enters into an agreement to exchange securities for, or otherwise acquires any voting security or security convertible into voting security of a domestic insurer, or a person, including an insurance holding company, that controls a domestic insurer; or
(2) makes an agreement to merge with or otherwise to acquire control of a domestic insurer, or a person, including an insurance holding company, that controls a domestic insurer.
Structure Maryland Statutes
Title 7 - Maryland Insurance Acquisitions Disclosure and Control Act
Subtitle 3 - Acquisition of Control of Domestic Insurer or Insurance Holding Company
Section 7-301 - Scope of Subtitle
Section 7-302 - Compliance With Subtitle Required
Section 7-303 - Pre-Acquisition or Pre-Divestiture Notification
Section 7-305 - Invitations for Tenders and Agreements
Section 7-306 - Review of Transactions by Commissioner
Section 7-307 - Additional Experts
Section 7-308 - Effects of Filing Statement
Section 7-309 - Failure to File Statement or Making Unauthorized Acquisition or Divestiture