Ala. Admin. Code r. 482-1-055-.12.1 - Pre-Acquisition Notification (Form E)
(1) If a domestic insurer, including any
person controlling a domestic insurer, is proposing a merger or acquisition
pursuant to Section
27-29-3(a)(1),
that person shall file a pre-acquisition notification form, Form E, which was
developed pursuant to Section
27-29-3.1(c)(1).
(2) Additionally, if a non-domiciliary
insurer licensed to do business in this state is proposing a merger or
acquisition pursuant to Section
27-29-3.1, that person shall file
a pre-acquisition notification form, Form E. No pre-acquisition notification
form need be filed if the acquisition is beyond the scope of Section
27-29-3.1 as set forth in Section
27-29-3.1(b)(2).
(3) In addition to the information required
by Form E, the Commissioner may wish to require an expert opinion as to the
competitive impact of the proposed acquisition.
Notes
Author: Commissioner of Insurance
Statutory Authority: Code of Ala. 1975, ยงยง 27-2-17, 27-29-8
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.