Code of Massachusetts Regulations
211 CMR - DIVISION OF INSURANCE
Title 211 CMR 140.00 - Procedures Concerning The Merger Or Consolidation Of Insurance Companies
Section 140.04 - Standards of Review
Universal Citation: 211 MA Code of Regs 211.140
Current through Register 1531, September 27, 2024
In reviewing a proposed merger or consolidation, including the Agreement, the Commissioner may consider:
(1) The fairness of the terms and conditions of the Agreement;
(2) Whether the interests of the Policyholders, and Stockholders, if any, of the Domestic Company(ies) are protected;
(3) Whether the proposed merger or consolidation is in the public interest.
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