880

LAWS OF MARYLAND

Ch. 199

[(ii)] (III) The terms and conditions of any
proposed tender offer, invitation or request for tender,
agreement to exchange securities, or other plan of acquisition;

[(iii)] (IV) The source and amount of the funds
or other consideration used or to be used in making the purchases
or in effecting the exchange, 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 effecting the exchange, merger or
other acquisition of control, a description 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 disclosure to be in the public
interest;

[(iv)] (V) 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)] (VI) 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 securities or securities which may
be converted into voting securities of such insurer concerning
which there is a right to acquire beneficial 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)] (VII) Information as to any contracts,
arrangements or understandings 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 arrangements, puts or calls,
guarantees of loans, guarantees against loss or guarantees of
profits, division of losses or profits, or the giving or
withholding of proxies, naming the persons with whom such
contracts, arrangements or understandings have been entered into,
and giving the details thereof;

[(vii)] (VIII) The terms of any agreements with
any brokers, securities dealers, service organizations, or other
persons for soliciting of shares for tender; and

[(2)] (3) The time for disapproval including
extensions has elapsed or approval has been given by the
Commissioner as hereinafter provided.