§ 7–406
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 7-406 (2026)
Title 7. Maryland Insurance Acquisitions Disclosure and Control Act
Subtitle 4. Acquisition of Control of Insurer
§ 7–406LinkCopy Citation
A person required to file a pre-acquisition notification under this subtitle or Subtitle 3 of this title that fails to file the notification and that also fails to demonstrate a good faith effort to comply with the filing requirement is subject to a penalty not exceeding $50,000.