# Insurance (GIN)

## Title 7. Maryland Insurance Acquisitions Disclosure and Control Act

### Subtitle 4. Acquisition of Control of Insurer

#### Section 7-406

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.

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Md. Code Ann., Ins. (as displayed at mgaleg.maryland.gov, October 16, 2026)