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§ 7-309. Failure to file statement or making acquisition without Commissioner approval

West's Annotated Code of MarylandInsuranceEffective: January 1, 2014

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 7. Maryland Insurance Acquisitions Disclosure and Control Act (Refs & Annos)
Subtitle 3. Acquisition of Control of Domestic Insurer or Insurance Holding Company (Refs & Annos)
Effective: January 1, 2014
MD Code, Insurance, § 7-309
§ 7-309. Failure to file statement or making acquisition without Commissioner approval
Currentness
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.

Credits

Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997. Amended by Acts 2013, c. 115, § 1, eff. Jan. 1, 2014.
Formerly Art. 48A, § 494.
MD Code, Insurance, § 7-309, MD INSURANCE § 7-309
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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