W. Va. Code R. § 114-35-11

Current through Register Vol. XLI, No. 50, December 13, 2024
Section 114-35-11 - Pre-Acquisition Notification

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.

W. Va. Code R. § 114-35-11