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054.00.15 FORM E. Pre-Acquisition Notification Regarding the Potential Competitive Impact of a ...

AR ADC 054.00.15 FORM EArkansas Administrative CodeEffective: January 1, 2016

West's Arkansas Administrative Code
Title 054. Insurance Department
Division 00.
Rule 15. Insurance Holding Company Systems with Reporting Forms and Instructions
Effective: January 1, 2016
Ark. Admin. Code 054.00.15 FORM E
054.00.15 FORM E. Pre-Acquisition Notification Regarding the Potential Competitive Impact of a Proposed Merger or Acquisition by a Non-Domiciliary Insurer Doing Business in this State or by a Domestic Insurer
Currentness
________________________________________
Name of Applicant
________________________________________
Name of Other Person Involved
In Merger or Acquisition
Filed with the Insurance Department of the State of ______________________________
Dated: ________________________________________, (Year) ____________________
Name, Title, Address and Telephone Number of Person Completing This Statement:
__________________________________________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
ITEM 1. NAME AND ADDRESS
State the names and addresses of the persons who hereby provide notice of their involvement in a pending acquisition or change in corporate control.
ITEM 2. NAMES AND ADDRESSES OF AFFILIATED COMPANIES
State the names and addresses of the persons affiliated with those listed in Item 1. Describe their affiliations.
ITEM 3. NATURE AND PURPOSE OF THE PROPOSED MERGER OR ACQUISITION
State the nature and purpose of the proposed merger or acquisition.
ITEM 4. NATURE OF BUSINESS
State the nature of the business performed by each of the persons identified in response to Item 1 and Item 2.
ITEM 5. MARKET AND MARKET SHARE
State specifically what market and market share in each relevant insurance market the persons identified in Item 1 and Item 2 currently enjoy in this state. Provide historical market and market share data for each person identified in Item 1 and Item 2 for the past five (5) years and identify the source of such data. Provide a determination as to whether the proposed acquisition or merger, if consummated, would violate the competitive standards of the state as stated in Ark. Code Ann. § 23-63-528. If the proposed acquisition or merger would violate competitive standards, provide justification of why the acquisition or merger would not substantially lessen competition or create a monopoly in the state.
For purposes of this notice “market” means direct written insurance premium in this state for a line of business as contained in the annual statement required to be filed by insurers licensed to do business in this state. Under Ark. Code Ann. § 23-63-525(1) “acquisition” is defined to include acquisition of assets, bulk reinsurance and mergers, as well as a change in control.
CERTIFICATION
The undersigned deposes and says that (s)he has duly executed the attached pre-acquisition notification dated ____________________, (Year) __________, for and on behalf of ____________________ (Name of Applicant); that (s)he is the ______________________________ (Title of Officer) of such company and that (s)he is authorized to execute and file such instrument. Deponent further says that (s)he is familiar with such instrument and the contents thereof, and that the facts therein set forth are true to the best of his/her knowledge, information and belief.
(Signature) ________________________________________
(Type or print name above) ________________________________________

Credits

Amended Jan. 1, 2016.
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 054.00.15 FORM E, AR ADC 054.00.15 FORM E
End of Document