<?xml version='1.0' encoding='utf-8'?>
<section article="gin" article_name="Insurance" number="7-404" title_number="7" title_name="Maryland Insurance Acquisitions Disclosure and Control Act" subtitle_number="4" subtitle_name="Acquisition of Control of Insurer">
  <level label="a">
    <text>The waiting period for an acquisition subject to this subtitle:</text>
    <level label="1">
      <text>begins on the day the Commissioner receives the pre-acquisition notification; and</text>
    </level>
    <level label="2">
      <text>ends on the earlier of:</text>
      <level label="i">
        <text>30 days after the period begins; or</text>
      </level>
      <level label="ii">
        <text>the day on which the Commissioner ends the waiting period.</text>
      </level>
    </level>
  </level>
  <level label="b">
    <level label="1">
      <text>During the waiting period for an acquisition subject to this subtitle, the Commissioner may require that additional information relevant to the proposed acquisition be filed.</text>
    </level>
    <level label="2">
      <text>If the Commissioner requires additional information, the waiting period shall be extended to the earlier of:</text>
      <level label="i">
        <text>30 days after the Commissioner receives the additional information; or</text>
      </level>
      <level label="ii">
        <text>the day on which the Commissioner ends the waiting period.</text>
      </level>
    </level>
  </level>
</section>
