P&CGeorgiamedium
Under Georgia's insurance holding-company statutes (O.C.G.A. § 33-13-1 et seq.), a person who proposes to acquire control of a Georgia domestic insurer must:
ANotify only the SEC and the New York Stock Exchange before closing
File a Form A statement with the Commissioner and obtain prior approval before consummating the acquisition of control
CProvide informal notice to the insurer's board only, with no filing required
DFile the acquisition exclusively with the Federal Insurance Office in Washington, D.C.
Why this is the answer
Georgia's holding-company law (O.C.G.A. § 33-13-1 et seq.) tracks the NAIC Insurance Holding Company System Regulatory Act. A person who proposes to acquire control of a Georgia domestic insurer (presumptively, 10% or more of voting securities) must file a Form A statement with the Commissioner, send a copy to the insurer, and obtain prior OCISF approval. The Commissioner evaluates the acquirer's financial condition, competence, plans for the insurer, and competitive impact. A public hearing is held in many cases. Closing without approval is a per se violation.
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