N.J. Admin. Code § 11:1-35.12

Current through Register Vol. 57, No. 1, January 6, 2025

Section 11:1-35.12 - Pre-acquisition notification

(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.

N.J. Admin. Code § 11:1-35.12

New Rule, R.1997 d.12, effective 1/6/1997.
See: 28 N.J.R. 4700(a), 28 N.J.R. 129(b).
Former section recodified as N.J.A.C. 11:1-35.13.