Pre-Acquisition Notification

Pre-Acquisition Notification If a domestic insurer, including any person controlling domestic insurer, is proposing a merger or acquisition pursuant to Section 83-6-24(1) of the Act, that person shall file a pre-acquisition notification form, Form E, which was developed pursuant to Section 83-6-24 of the Act. Additionally, if a non-domiciliary insurer licensed to do business in this state is proposing a merger or acquisition pursuant to Section 83-6-24 of the Act, 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 Subsection 2(b) of Section 4, Senate Bill 2298, 2017 Regular Legislative Session. 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.