OAR 836-027-0125
Pre-Acquisition Notification
(1)
If a domestic insurer, including any person controlling a domestic insurer, is proposing a merger or acquisition under ORS 732.523 (Procedure for acquiring controlling interest of capital stock), the person must file a pre-acquisition notification form, Form E, as required under ORS 732.589. Form E is set forth on the website of the Department of Consumer and Business Services at www.insurance.oregon.gov.(2)
If a non-domiciliary insurer licensed to do business in this state is proposing a merger or acquisition pursuant to ORS 732.527 (Approval of acquisition by chief insurance regulatory officials of two or more jurisdictions), 732.587, 732.589, 732.542 (Monopoly or substantial diminishment of competition) and 732.544 (Director’s order), that person shall file a pre-acquisition notification form, Form E. A pre-acquisition notification form need not be filed if the acquisition is beyond the scope of ORS 732.587, 732.589, 732.542 (Monopoly or substantial diminishment of competition) and 732.544 (Director’s order).(3)
In addition to the information required by Form E, the director may require an opinion from an economist as to the competitive impact of the proposed acquisition.
Source:
Rule 836-027-0125 — Pre-Acquisition Notification, https://secure.sos.state.or.us/oard/view.action?ruleNumber=836-027-0125.