Code of Massachusetts Regulations
211 CMR - DIVISION OF INSURANCE
Title 211 CMR 7.00 - Massachusetts Insurance Holding Company System
Section 7.05 - Acquisition of Control Statement (Form A)

Universal Citation: 211 MA Code of Regs 211.7

Current through Register 1531, September 27, 2024

(1) Statement Filing. A person required to file a statement pursuant to M.G.L. c. 175, § 206B shall furnish the information required by Form A, hereby made a part of 211 CMR 7.00.

(2) Amendments. The applicant shall, within two business days of any material change in the information furnished on Form A arising subsequent to the date upon which the information was furnished but prior to the Commissioner's disposition of the application, advise the Commissioner of such change.

(3) Acquisition of Persons Controlling a Domestic Insurer.

(a) If the person being acquired is deemed to be a person controlling a domestic insurer solely because of the provisions of M.G.L. c. 175, § 206B, the name of the domestic insurer on the cover page of Form A should be indicated as follows:

__________________________________________________________________________________________________________________________________________________________________________________________________________________,

(Insert name of ins. co.)

a subsidiary of__________________________________________________________

(Insert name of corp.)

(b) Where a M.G.L. c. 175, § 206B(a)(1) insurer is being acquired, references to "the insurer" contained in Form A shall refer to both the domestic subsidiary insurer and the person being acquired.

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