Rule 120-2-23-.12. Pre-Acquisition Notification

If a domestic insurer, including any person controlling a domestic insurer, is proposing a merger or acquisition pursuant to O.C.G.A. Section 33-13-3(a)(1) of the Act, that person shall file a pre-acquisition notification form, Form E, which was developed pursuant to O.C.G.A. Section 33-13-3.1(c). Additionally, if a non-domiciliary insurer licensed to do business in this state is proposing a merger or acquisition pursuant to O.C.G.A. Section 33-13-3.1, 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 O.C.G.A. Section 33-13-3.1 as set forth in Section O.C.G.A. Section 33-13-3.1(b)(2). 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. Cite as Ga. Comp. R. & Regs. R. 120-2-23-.12
Authority: O.C.G.A. Secs. 33-2-9, 33-13-3.1, 33-13-9.
History. Original Rule entitled "Annual Registration of Insurers - Statement Filing" adopted. F. Jul. 14, 1992; eff. Aug. 3, 1992.
Repealed: New Rule entitled "Pre-Acquisition Notification" adopted. F. Nov. 6, 2013; eff. Nov. 26, 2013.