L&HCaliforniamedium
A foreign holding company wishes to acquire control of a California domestic life insurer. Under California's Holding Company System Act, which filing must be made with the Insurance Commissioner before the acquisition is consummated?
AForm B — annual registration statement
BForm D — prior notice of a transaction between affiliates
CForm F — enterprise risk report
Form A — statement regarding acquisition of control
Why this is the answer
California's Holding Company System Act (§§ 1215-1215.16) implements NAIC Model 440. Form A is the pre-acquisition Statement Regarding the Acquisition of Control of a Domestic Insurer — required when any person seeks to acquire 10% or more voting securities (presumption of control). Form B is the annual holding-company registration. Form D is prior notice of certain affiliate transactions. Form F is the Enterprise Risk Report. Only Form A is the gating pre-acquisition filing.
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