Md. Code, Ins. § 7-309 : INSURANCE — MARYLAND INSURANCE ACQUISITIONS DISCLOSURE AND CONTROL ACT — ACQUISITION OF CONTROL OF DOMESTIC INSURER OR INSURANCE HOLDING COMPANY —309 - Failure to file statement or making unauthorized acquisition or divestiture

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.

Md. Code, IN § 7-309

Amended by 2013 Md. Laws, Ch. 115,Sec. 1, eff. 1/1/2014.