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2019 Maryland Code
Insurance
Title 7 - Maryland Insurance Acquisitions Disclosure and Control Act
Subtitle 3 - Acquisition of Control of Domestic Insurer or Insurance Holding Company
§ 7-302. Compliance with subtitle required
Universal Citation: MD Ins Code § 7-302 (2019)
With respect to a transaction subject to this subtitle, a person must comply with all requirements of this subtitle before the person:
(1) makes a tender offer for, invites tenders of, enters into an agreement to exchange securities for, or otherwise acquires any voting security or security convertible into voting security of a domestic insurer, or a person, including an insurance holding company, that controls a domestic insurer; or
(2) makes an agreement to merge with or otherwise to acquire control of a domestic insurer, or a person, including an insurance holding company, that controls a domestic insurer.
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