West Virginia Code of State Rules
Agency 114 - Insurance Commission
Title 114 - LEGISLATIVE RULE INSURANCE COMMISSIONER
Series 114-35 - Insurance Holding Company Systems
Section 114-35-11 - Pre-Acquisition Notification

Universal Citation: 114 WV Code of State Rules 114-35-11
Current through Register Vol. XLI, No. 38, September 20, 2024

If a domestic insurer, including any person controlling a domestic insurer, is proposing a merger or acquisition pursuant to W. Va. Code § 33-27-3(a)(1), that person shall file a pre-acquisition notification form, Form E.

Additionally, if a non-domiciliary insurer licensed to do business in this state is proposing a merger or acquisition pursuant to W. Va. Code § 33-27-3 a, that person shall file a pre-acquisition notification form, Form E. No pre-acquisition notification form need be filed if the acquisition is beyond the scope of W. Va. Code § 33-27-3 a, as set forth in W. Va. Code § 33-27-3 a(b)(2).

In addition to the information required by Form E, the Commissioner may require an expert opinion as to the competitive impact of the proposed acquisition.

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