Maryland Insurance Section 7-303

      (a)      With respect to a transaction subject to this subtitle, a domestic insurer or a person controlling a domestic insurer must file with the Commissioner the pre-acquisition notification required under Subtitle 4 of this title.

      (b)      The pre-acquisition notification must be filed at least 30 days before a transaction subject to this subtitle is proposed to become effective.

      (c)      The Commissioner may impose sanctions under § 7-405 of this title for failure to file the information required under subsection (a) of this section.