HRS §431:11-104.1
Definitions for insurer acquisition rules
This section defines two special terms used only in the next few rules about insurance company takeovers. It explains what counts as an acquisition and who is an involved insurer. These definitions apply only to those specific sections, not to the whole law.
The statute, as written — Definitions
The following definitions shall apply for the purposes of sections 431:11-104.2 through 431:11-104.6 only: "Acquisition" means any agreement, arrangement, or activity the consummation of which results in a person acquiring directly or indirectly the control of another person, and includes, but is not limited to, the acquisition of voting securities, the acquisition of assets, bulk reinsurance, and mergers. "Involved insurer" means an insurer which either acquires or is acquired, is affiliated with an acquirer or person acquired, or is the result of a merger.
Sections this one refers to
§431:11-104.2 When the insurance change-of-control rules apply
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