Section 0780-01-67-.11 - PRE-ACQUISITION NOTIFICATION(1) If a domestic insurer, including any person controlling a domestic insurer, is proposing a merger or acquisition pursuant to T.C.A. § 56-11-203(a)(1) that person shall file a pre-acquisition notification form, Form E, which was developed pursuant to T.C.A. § 56-11-204(c)(1).(2) Additionally, if a non-domiciliary insurer licensed to do business in this state is proposing a merger or acquisition pursuant to T.C.A. § 56-11-204that 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 T.C.A. § 56-11-204 as set forth in T.C.A. § 56-11-204(b)(2).(3) In addition to the information required by Form E, the Commissioner may wish to require an expert opinion as to the competitive impact of the proposed acquisition.Tenn. Comp. R. & Regs. 0780-01-67-.11
Original rule filed March 31, 1995; effective June 16, 1995.Authority: T.C.A. §§ 56-2-301, 56-11-203(a)(1), 56-11-204 and 56-11-209.