Except as provided in § 7-402 of this subtitle, this subtitle applies to any acquisition, agreement, arrangement, or activity, including the acquisition of voting securities or assets, bulk reinsurance, and merger, that results in a person acquiring directly or indirectly the control of an authorized insurer.
Structure Maryland Statutes
Title 7 - Maryland Insurance Acquisitions Disclosure and Control Act
Subtitle 4 - Acquisition of Control of Insurer
Section 7-401 - Acquisitions Subject to Subtitle
Section 7-402 - Transactions Excluded From Subtitle
Section 7-403 - Pre-Acquisition Notification Requirements
Section 7-404 - Waiting Period
Section 7-405 - Orders by Commissioner
Section 7-406 - Penalty for Failure to File Pre-Acquisition Notification