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Md. Code, Ins. §§ 7-101 through 7-109: Maryland Insurance Acquisitions Disclosure and Control Act – Maryland
Status: EnactedYear Enacted: 1995
Year Amended: 2014
File: Download
The purposes of this title include promoting the public interest by requiring disclosures in acquisitions or mergers; requiring disclosures of material transactions, relationships between an insurer and its affiliates, and dividends to stockholders paid by insurers; requiring disclosures of relevant information about changes in control of insurers; providing standards governing material transactions between an insurer and its affiliates; and establishing penalties for failure to disclose and providing for the disapproval of certain transactions.
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