608                             LAWS OF MARYLAND                     [CH. 173

(i) the background and identity including the name and address
and principal occupation of all persons by whom or on whose behalf
the purchases or the exchange, merger or other acquisition of con-
trol are to be effected;

(ii) the terms and conditions of any proposed tender offer, in-
vitation or request for tender, agreement to exchange securities, or
other plan of acquisition;

(in) the source and amount of the funds or other consideration
used or to be used in making the purchases or in effecting the ex-
change, merger or other acquisition of control and, if any part of
such funds or other consideration has been or is to be borrowed or
otherwise obtained for the purpose of making the purchases or ef-
fecting the exchange, merger or other acquisition of control, a de-
scription of the transaction and the names of the parties thereto,
except that where a source of funds is a loan made in the lender's
ordinary course of business, if the person filing such statement so
requests, the name of the lender shall not be made available to the
public UNLESS THE COMMISSIONER DEEMS SUCH DISCLO-
SURE TO BE IN THE PUBLIC INTEREST;

(iv) any plans or proposals which such persons may have to
liquidate such insurer or insurance holding company, to sell its assets
or merge it with any person, or to make any other major change in
its business or corporate structure or management;

(v) the amount of each class of voting securities or securities
which may be converted into voting securities of such insurer which
are beneficially owned, and the amount of each class of voting se-
curities or securities which may be converted into voting securities
of such insurer concerning which there is a right to acquire bene-
ficial ownership, by (1) each such person and (2) by each affiliate
of each such person, giving the name and address of each such
affiliate, TOGETHER WITH THE DATES, QUANTITIES AND
PRICES OF SALES AND PURCHASES OF SUCH STOCK BY
EACH SUCH PERSON OR AFFILIATE WITHIN THE LAST
TWO PRECEDING YEARS;

(vi) information as to any contracts, arrangements or under-
standings with any person with respect to any securities of such
insurer or insurance holding company, including but not limited to
transfer of any of the securities, joint ventures, loan or option ar-
rangements, puts or calls, guarantees of loans, guarantees against
loss or guarantees of profits, division of losses or profits, or the giv-
ing or withholding of proxies, naming the persons with whom such
contracts, arrangements or understandings have been entered into,
and giving the details thereof;

(vii) (1) the terms of any agreements with any brokers, secur-
ities dealers, service organizations, or other persons for soliciting of
shares for tender; AND

and (2) the time for disapproval including extensions has
elapsed or approval has been given by the Commissioner as herein-
after