1. A. A person seeking to acquire control of a domestic insurer pursuant to Insurance Article, §7–304, Annotated Code of Maryland, shall file with the Commissioner and provide a copy to the domestic insurer a Form A at least 60 days before a transaction is proposed to become effective, in accordance with the format, guidelines, and instructions approved by the Commissioner.

2. B. If any material change occurs in the facts set forth in the statement filed with the Commissioner and provided to the insurer in the Form A, an amendment, together with copies of any documents or other materials necessary to describe the amendment, shall be filed with the Commissioner prior to the Commissioner’s disposition on the application, and provided to the insurer within the earlier of 2 business days after:

   1. (1) The change occurs; or
   2. (2) The person that filed the statement learns of the change.

Authority: Insurance Article, §§1-101(jj), 2-109, 2-205, 2-209, and 5-901—5-917 and Title 7, Annotated Code of Maryland

Effective date:

Regulations .01 and .02 adopted as an emergency provision effective December 8, 1993 (20:26 Md. R. 2024)

Regulations .01 and .02 adopted effective March 28, 1994 (21:6 Md. R. 467)

Chapter recodified from 09.31.01 to COMAR 31.04.18 effective September 7, 1998 (25:18 Md. R. 1439)

Regulation .02 repealed and new Regulation .02 adopted effective November 7, 2016 (43:16 Md. R. 901)

Regulation .02B amended effective January 6, 2025 (51:26 Md. R. 1187)

Regulations .03—.14 adopted effective November 7, 2016 (43:16 Md. R. 901)

Regulation .15 adopted effective January 6, 2025 (51:26 Md. R. 1187)