Md. Code Regs. 31.08.09.11

Current through Register Vol. 51, No. 24, December 2, 2024

Section 31.08.09.11 - Merger of Groups

A. The Commissioner may approve a merger of groups engaged in the same or a similar type of business only if the resulting group assumes in full all obligations of the merging groups.

B. The Commissioner shall hold a hearing on the merger, pursuant to Insurance Article, §§ 2-203 and 2-210 -2-214, Annotated Code of Maryland, if requested to do so by a member of either group.