Alabama Administrative Code
Title 482 - ALABAMA DEPARTMENT OF INSURANCE
Chapter 482-1-055 - INSURANCE HOLDING COMPANY SYSTEM REGULATION WITH REPORTING FORMS AND INSTRUCTIONS
Section 482-1-055-.12 - Acquisition Of Insurers

Universal Citation: AL Admin Code R 482-1-055-.12

Current through Register Vol. 43, No. 02, November 27, 2024

(1) If the person being acquired is deemed to be a "domestic insurer" solely because of the provisions of the Act, the name of the domestic insurer on the cover page should be indicated as follows:

"ABC Insurance Company, as subsidiary of XYZ Holding Company."

(2) Where an insurer is being acquired, references to "the insurer" contained in Form A shall refer to both the domestic subsidiary insurer and the person being acquired.

Author: Commissioner of Insurance

Statutory Authority: Code of Ala. 1975, §§ 27-2-17, 27-29-8.

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