§ 7–309
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 7-309 (2026)
Title 7. Maryland Insurance Acquisitions Disclosure and Control Act
Subtitle 3. Acquisition of Control of Domestic Insurer or Insurance Holding Company
§ 7–309LinkCopy Citation
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.