Nev. Admin. Code § 692C.045 - Potential competitive impact of proposed merger or acquisition: Required notice and form

1. An insurer shall give notice to the Commissioner of 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 on the form provided by the Commissioner entitled "Form E - Pre-Acquisition Notification Form 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."

2. Form E must be completed in accordance with the current version of the Insurance Holding Company System Reporting Instructions of the National Association of Insurance Commissioners and the instructions provided by the Commissioner. A copy of Form E and the general instructions for Form E may be obtained at http://doi.nv.gov.

3. In addition to the information required by Form E, the Commissioner may require an insurer to submit the opinion of an expert concerning the potential competitive impact of the proposed merger or acquisition.

Notes

Nev. Admin. Code § 692C.045

Added to NAC by Comm'r of Insurance by R026-02, eff. 5-31-2002; A by R078-16A, eff. 12/21/2016

NRS 679B.130, 692C.120, 692C.254