Statutes, codes, and regulations
Code of Maryland
Article - INSURANCETitle 7 - MARYLAND INSURANCE ACQUISITIONS DISCLOSURE AND CONTROL ACT
Subtitle 4 - ACQUISITION OF CONTROL OF INSURER
Section 7-406 - Penalty for failure to file pre-acquisition notification

Md. Code, Ins. § 7-406

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Current with changes from the 2024 Legislative Session
Section 7-406 - Penalty for 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.

Md. Code, IN § 7-406