Home Table of Contents

§ 7-406. Failure to file pre-acquisition notification

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 7. Maryland Insurance Acquisitions Disclosure and Control Act (Refs & Annos)
Subtitle 4. Acquisition of Control of Insurer (Refs & Annos)
MD Code, Insurance, § 7-406
§ 7-406. Failure to file pre-acquisition notification
A person required to file a pre-acquisition notification under this subtitle or Subtitle 3 of this title that fails to file the notification and that also fails to demonstrate a good faith effort to comply with the filing requirement is subject to a penalty not exceeding $50,000.

Credits

Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, § 494A.
MD Code, Insurance, § 7-406, MD INSURANCE § 7-406
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document