{"data":{"id":"us-md/md.-code-insurance-7-403","jurisdiction":"us-md","citation":"Md. Code, Insurance § 7–403","heading":"","body":"(a) (1) The acquiring person in an acquisition subject to this subtitle must file a pre-acquisition notification with the Commissioner.\n(2) The acquired person in an acquisition subject to this subtitle may file a pre-acquisition notification.\n(b) The pre-acquisition notification must be filed at least 30 days before the acquisition subject to this subtitle is proposed to become effective.\n(c) (1) The pre-acquisition notification must be in the form and contain the information required by the National Association of Insurance Commissioners relating to those markets that, under § 7-402(6) of this subtitle, cause the acquisition not to be exempt from this subtitle.\n(2) The Commissioner may require a pre-acquisition notification to contain:\n(i) additional material and information that the Commissioner considers necessary to determine whether the proposed acquisition, if effective, would violate § 7-405(a)(1)(i) of this subtitle; and\n(ii) the opinion of an economist about the competitive impact of the acquisition in the State, together with a summary of the education and experience of the economist indicating the economist’s ability to make an informed opinion.","path":["Article - Insurance"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gin\u0026section=7-403","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:59:28Z","sha256":"50e9e31f42a0eb7ca9598165a0ada25d1357bac9fdd6a0e9a385b3172247c61d","source_id":"us-md","stale":false,"prev":"us-md/md.-code-insurance-7-402","next":"us-md/md.-code-insurance-7-404"},"notice":"GroundRules: Original legal text. Not legal advice."}