Section 7-309 - Failure to file statement or making unauthorized acquisition. - Maryland Statutes

§ 7-309. Failure to file statement or making unauthorized acquisition.
 

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. 
 

[An. Code 1957, art. 48A, § 494; 1995, ch. 36.]