58-5A-51. Plan for limiting anticompetitive impact of acquisition--Time limit.
124 words·~1 min read·
/sd/title-58/chapter-58-5/58-5a-51·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An order entered pursuant to §§ 58-5A-49 , 58-5A-50 , and 58-5A-69 may not become final earlier than thirty days after it is issued, during which time the insurer may submit a plan or notification of submission of a plan to remedy the anticompetitive impact of the acquisition. The director may allow the insurer up to ninety days to complete the submission of the plan. Based upon the plan or other information, the director shall specify the conditions, if any, under the time period during which the aspects of the acquisition causing a violation of the standards of this section would be remedied and the order vacated or modified.
An order pursuant to this section does not apply if the acquisition is not consummated.