Section 7-309 - Failure to file statement or making unauthorized acquisition.
§ 7-309. Failure to file statement or making unauthorized acquisition.
A person violates this title if:
(1) the person fails to file the statement required by this subtitle; or
(2) the person, without the Commissioner's approval during the 60-day period under § 7-306(a) of this subtitle, or after the Commissioner's disapproval, makes or attempts to make an acquisition of actual or presumed control of or a merger with a domestic insurer or insurance holding company controlling a domestic insurer.
[An. Code 1957, art. 48A, § 494; 1995, ch. 36.]