Code of Massachusetts Regulations
211 CMR - DIVISION OF INSURANCE
Title 211 CMR 140.00 - Procedures Concerning The Merger Or Consolidation Of Insurance Companies
Section 140.06 - Examination of Companies

Universal Citation: 211 MA Code of Regs 211.140

Current through Register 1531, September 27, 2024

(1) Upon the submission of an Agreement by one or more Companies, in draft or final form and whether executed or unexecuted, or upon prior written request by one or more of the Companies, the Division may immediately commence an Examination under M.G.L. c. 175, § 4 of the Domestic Company(ies), and of the Foreign Company(ies), if any. The Companies shall be notified in writing of the commencement of such Examination. Nothing herein shall be construed to limit the powers of the Commissioner under M.G.L. c. 175, § 4.

(2) The Examination may include, but not be limited to, a review by the Working Group and the Working Group Advisors of the Agreement, and any other documents and matters determined by the Working Group and its Advisors to be relevant. The Working Group and its Advisors may consider, among other things, the items listed in 211 CMR 140.04(1) through (3).

(3) All information, documents and copies there o f, obtained by or disclosed to the Division, the Working Group or its Advisors during the Examination shall be given confidential treatment as provided in M.G.L. c. 175, § 4 and any other applicable law.

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