Code of Massachusetts Regulations
211 CMR - DIVISION OF INSURANCE
Title 211 CMR 140.00 - Procedures Concerning The Merger Or Consolidation Of Insurance Companies
Section 140.14 - Approval of Commissioner
Universal Citation: 211 MA Code of Regs 211.140
Current through Register 1531, September 27, 2024
The Agreement to merge or consolidate, in its final form, shall be subject to the written approval of the Commissioner in such form as he or she may prescribe; provided that subsequent to the Special Meeting, it appears that the requirements of M.G.L. c. 175, § 19A or 19B, 211 CMR 140.00 and other applicable laws, if any, have been satisfied. The Commissioner may, in his or her discretion, refuse to issue such an approval in any case, and his or her decision shall be final.
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