1. A. A disclaimer of affiliation or a request for termination of registration claiming that a person does not, or will not upon the taking of some proposed action, control another person (hereinafter referred to as the “subject”) shall contain the following information:

   1. (1) The number of authorized, issued, and outstanding voting securities of the subject;
   2. (2) With respect to the person whose control is denied and all affiliates of such person, the number and percentage of shares of the subject’s voting securities which are held of record or known to be beneficially owned, and the number of shares concerning which there is a right to acquire, directly or indirectly;
   3. (3) All material relationships and bases for affiliation between the subject and the person whose control is denied and all affiliates of such person; and
   4. (4) A statement explaining why the person should not be considered to control the subject.
2. B. A request for termination of registration shall be deemed to have been granted unless the Commissioner, within 30 days after receipt of the request, notifies the registrant otherwise.

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Regulation .02 repealed and new Regulation .02 adopted effective November 7, 2016 (43:16 Md.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