MARVIN MANDEL, Governor                          609

by or on behalf of any such person, and a copy of any such agree-
ment to exchange or otherwise acquire securities or to merge with or
otherwise to acquire control of such insurer or insurance holding
company, shall be filed with the Commissioner and AT THE SAME
TIME sent to such insurer or insurance holding company as a part
of such statement and shall contain such of the information contained
in such statement as the Commissioner may by rule or regulation
prescribe. Copies of any additional material soliciting or requesting
such tender offers subsequent to the initial solicitation or request, and
copies of any amendment to any such agreement, shall contain such
information as the Commissioner may by rule or regulation prescribe
as necessary or appropriate in the public interest or for the protec-
tion of policy holders, and shall be filed with the Commissioner and
sent to such insurer or insurance holding company not later than the
time copies of such material are first published or sent or given to
security holders or such amendment is entered into.

(c)    If the person required to file any statement pursuant to this
Section is a partnership, limited partnership, syndicate or other
group, the Commissioner may require that the information called for
by paragraphs (i) through (vii) of subsection (a) shall be given
with respect to (1) each partner of such partnership or limited part-
nership, (2) each member of such syndicate or group and (3) each
person who controls such partner or member. If a person referred
to in (1), (2) or (3) is a corporation or the person required to file
the statement referred to in subsection (a) is a corporation, the
Commissioner may require that the information called for by para-
graphs (i) through (vii) of subsection (a) shall be given with
respect to such corporation and each officer and director of such
corporation and each person who is directly or indirectly the bene-
ficial owner of more than 10% of the outstanding voting securities
of such corporation.

(d)    If any tender offer, request or invitation for tenders, or
agreement to exchange or otherwise acquire securities or to merge
or otherwise acquire control referred to in subsection (a) is proposed
to be made by means of a registration statement under the Securities
Act of 1933 or in circumstances requiring the disclosure of similar
information under the Securities Exchange Act of 1934, or under a
state law requiring similar registration or disclosure, the person re-
quired to file the statement referred to in subsection (a) may in
lieu thereof, file the documents required by any such laws together
with any other materials requested by the Commissioner.

(e)    The purchases, exchanges, mergers or other acquisitions of
control referred to in subsection (a) are not prohibited by this sub-
title unless the Commissioner, within sixty (60) days after the
statement required by subsection (a) has been filed with