Md. Code, Ins. § 7-302

Current with changes from the 2024 Legislative Session

Section 7-302 - Compliance with subtitle required

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.

Md. Code, IN § 7-302

Amended by 2013 Md. Laws, Ch. 115,Sec. 1, eff. 1/1/2014.