A domestic insurer shall notify the Commissioner within 30 days after making any investment in one corporation if the total investment in the corporation by the domestic insurer’s insurance holding company system exceeds 10% of the corporation’s voting securities.
Structure Maryland Statutes
Title 7 - Maryland Insurance Acquisitions Disclosure and Control Act
Subtitle 7 - Transactions Within Insurance Holding Company Systems
Section 7-701 - Effect of Subtitle
Section 7-702 - Standards for Transactions
Section 7-703 - Regulation of Transactions
Section 7-704 - Notice to Commissioner of Investment in One Corporation
Section 7-705 - Regulation of Dividends and Distributions -- in General