Whenever it appears to the Commissioner that a person has committed a violation of § 7–603(h) of this subtitle that prevents a full understanding of the enterprise risk to the insurer by affiliates or by the insurance holding company system, the violation may serve as an independent basis for disapproving dividends or distributions and placing the insurer under an order of supervision in accordance with § 7–804 of this title.
Structure Maryland Statutes
Title 7 - Maryland Insurance Acquisitions Disclosure and Control Act
Subtitle 6 - Registration of Insurers in Insurance Holding Company Systems
Section 7-601 - Registration Required
Section 7-602 - Time for Registration
Section 7-603 - Registration Statement
Section 7-604 - Termination of Registration
Section 7-605 - Examination About Registration and Risk Report
Section 7-606 - Disclaimer of Affiliation
Section 7-607 - Failure to File Statement or Enterprise Risk Report; Penalties
Section 7-608 - Violation of Enterprise Risk Report Requirements