<?xml version='1.0' encoding='utf-8'?>
<section article="gin" article_name="Insurance" number="7-309" title_number="7" title_name="Maryland Insurance Acquisitions Disclosure and Control Act" subtitle_number="3" subtitle_name="Acquisition of Control of Domestic Insurer or Insurance Holding Company">
  <text>A person violates this title if:</text>
  <level label="1">
    <text>the person fails to file the statement required by this subtitle;</text>
  </level>
  <level label="2">
    <text>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</text>
  </level>
  <level label="3">
    <text>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.</text>
  </level>
</section>
