230 R.I. Code R. 230-RICR-20-45-1.13

Current through October 15, 2024
Section 230-RICR-20-45-1.13 - Pre-Acquisition Notification
A. If a domestic insurer, including any person controlling a domestic insurer, is proposing a merger or acquisition pursuant to R.I. Gen. Laws § 27-35-2(a)(1), that person shall file a pre-acquisition notification form, Form E, which was developed pursuant to R.I. Gen. Laws § 27-35-2.5(c).
B. Additionally, if a non-domiciliary insurer licensed to do business in this state is proposing a merger or acquisition pursuant to R.I. Gen. Laws § 27-35-2.5, that person shall file a pre-acquisition notification form, Form E (§ 1.27 of this Part). No pre-acquisition notification form need be filed if the acquisition is beyond the scope of R.I. Gen. Laws § 27-35-2.5 as set forth in R.I. Gen. Laws § 27-35-2.5(b)(2).
C. In addition to the information required by Form E (§ 1.27 of this Part), the Commissioner may wish to require an expert opinion as to the competitive impact of the proposed acquisition.

230 R.I. Code R. 230-RICR-20-45-1.13