New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 1 - ADMINISTRATION
Subchapter 35 - INSURANCE HOLDING COMPANY SYSTEMS
Section 11:1-35.12 - Pre-acquisition notification
Current through Register Vol. 56, No. 24, December 18, 2024
(a) If a domestic insurer, including any person controlling a domestic insurer, is proposing a merger or acquisition pursuant to N.J.S.A. 17:27A-2a, that person shall file a pre-acquisition notification form, in the form of Appendix Exhibit E, incorporated herein by reference.
(b) If a non-domiciliary insurer licensed to do business in this State is proposing a merger or acquisition pursuant to N.J.S.A. 17:27A-4.1, that person shall file a pre-acquisition notification form in the form of Exhibit E. No pre-acquisition notification form need be filed if the acquisition is not subject to N.J.S.A. 17:27A-4.1 as set forth in N.J.S.A. 17:27A-4.1b(2).
(c) In addition to the information required by Exhibit E, the Commissioner may require the filer to provide, or otherwise may obtain, an expert opinion as to the competitive impact of the proposed acquisition.
