Maryland Statutes
Subtitle 3 - Acquisition of Control of Domestic Insurer or Insurance Holding Company
Section 7-309 - Failure to File Statement or Making Unauthorized Acquisition or Divestiture

A person violates this title if:
        (1)    the person fails to file the statement required by this subtitle;
        (2)    without the Commissioner’s approval during the 60–day period under § 7–306(a) of this subtitle, or after the Commissioner’s disapproval, the person makes or attempts to make an acquisition of actual or presumed control of, or a merger with, a domestic insurer or a person, including an insurance holding company, that controls a domestic insurer; or
        (3)    without the Commissioner’s approval during the 30–day period under § 7–303(d) of this subtitle, or after the Commissioner’s disapproval, the person divests or attempts to divest actual or presumed control of a domestic insurer or a person, including an insurance holding company, that controls a domestic insurer.

Structure Maryland Statutes