- (1) If a domestic insurer, including any person controlling a domestic insurer, is proposing a merger or acquisition under ORS 732.523, the person must file a pre-acquisition notification form, Form E, as required under ORS 732.589. Form E is set forth on the website of the Department of Consumer and Business Services at dfr.oregon.gov.
- (2) If a non-domiciliary insurer licensed to do business in this state is proposing a merger or acquisition pursuant to ORS 732.527, 732.587, 732.589, 732.542 and 732.544, that person shall file a pre-acquisition notification form, Form E. A pre-acquisition notification form need not be filed if the acquisition is beyond the scope of ORS 732.587, 732.589, 732.542 and 732.544.
- (3) In addition to the information required by Form E, the director may require an opinion from an economist as to the competitive impact of the proposed acquisition.
Statutory/Other Authority
ORS 732.705
Statutes/Other Implemented
ORS 732.517 - 732.592
History
ID 9-2023, minor correction filed 05/19/2023, effective 05/19/2023
ID 3-2016, f. & cert. ef. 3-3-16
ID 1-2014, f. & cert. ef. 1-8-14
ID 7-2013, f. 12-26-13, cert. ef. 1-1-14