- (a) If a domestic insurer, including any person controlling a domestic insurer, is proposing a merger or acquisition pursuant to Arkansas Code §§ 23-63-506 – 23-63-513, that person shall file a preacquisition notification form, Form E, which was developed pursuant to Arkansas Code § 23-63-527.
- (b) Additionally, if a nondomiciliary insurer licensed to do business in this state is proposing a merger or acquisition pursuant to Arkansas Code §§ 23-63-525 – 23-63-530, that person shall file a preacquisition notification form, Form E.
- (c) No preacquisition notification form need be filed if the acquisition is beyond the scope of Arkansas Code §§ 23-63-525 – 23-63-528, as set forth in Arkansas Code § 23-63-526(b), unless the Insurance Commissioner so requests.
- (d) 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.