2013 Maryland Code
INSURANCE
§ 7-309 - Failure to file statement or making unauthorized acquisition [Subject to amendment effective January 1, 2014; amended version follows this section].


MD Ins Code § 7-309 (2013) What's This?

§7-309.

A person violates this title if:

(1) the person fails to file the statement required by this subtitle; or

(2) the person, without the Commissioner’s approval during the 60-day period under § 7-306(a) of this subtitle, or after the Commissioner’s disapproval, makes or attempts to make an acquisition of actual or presumed control of or a merger with a domestic insurer or insurance holding company controlling a domestic insurer.

§ 7-309 - Failure to file statement or making unauthorized acquisition or divestiture (Effective January 1, 2014)

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.

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