Oregon Administrative Rules
Chapter 836 - DEPARTMENT OF CONSUMER AND BUSINESS SERVICES, INSURANCE REGULATION
Division 27 - DOMESTIC INSURERS; ORGANIZATION; CORPORATE PROCEDURES
Section 836-027-0125 - Pre-Acquisition Notification

Universal Citation: OR Admin Rules 836-027-0125

Current through Register Vol. 63, No. 9, September 1, 2024

(1) If a domestic insurer, including any person controlling a domestic insurer, is proposing a merger or acquisition under ORS 732.523, the person must file a pre-acquisition notification form, Form E, as required under ORS 732.589. Form E is set forth on the website of the Department of Consumer and Business Services at dfr.oregon.gov.

(2) If a non-domiciliary insurer licensed to do business in this state is proposing a merger or acquisition pursuant to ORS 732.527, 732.587, 732.589, 732.542 and 732.544, that person shall file a pre-acquisition notification form, Form E. A pre-acquisition notification form need not be filed if the acquisition is beyond the scope of ORS 732.587, 732.589, 732.542 and 732.544.

(3) In addition to the information required by Form E, the director may require an opinion from an economist as to the competitive impact of the proposed acquisition.

Statutory/Other Authority: ORS 732.705

Statutes/Other Implemented: ORS 732.517 - 732.592

Disclaimer: These regulations may not be the most recent version. Oregon may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.