Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
031 - BUREAU OF INSURANCE
Chapter 180 - INSURANCE HOLDING COMPANY SYSTEM MODEL RULE WITH REPORTING FORMS AND INSTRUCTIONS
Section 031-180-10 - Acquisition of Control - Statement Filing (Forms A and E)

Universal Citation: 02 ME Code Rules ยง 031-180-10

Current through 2024-38, September 18, 2024

A. A person required to file a statement pursuant to Subsection 4-C of the Act shall furnish the required information on Form A, hereby made a part of this rule. The statement shall not be considered to be filed until the Superintendent determines that all required information has been furnished.

B. The filer must also furnish the information required on Form E, hereby also made a part of this rule, if the proposed transaction will result in an increase in market share in this State in any line of insurance, as specified in the annual statement required to be filed under 24-A M.R.S.A. § 423, for one or more insurers with combined market share greater than 5% in that line of insurance. If indicated by the circumstances of the transaction, the Superintendent may modify the scope of the information requested in Form E and may require an opinion of an economist as to the competitive impact of the acquisition in this State.

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