Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 2 - Division of Insurance
Chapter 21 - Insurer - Financial
Article 1 - Insurance Holding Companies
3 AAC 21.130 - Disclaimers and termination of registration
Universal Citation: 3 AK Admin Code 21.130
Current through February 24, 2025
(a) A disclaimer of affiliation or a request for termination of registration claiming that a person does not, or will not, upon taking some proposed action, control another person (referred to in this section as the "subject") must contain the following information:
(1) the number of authorized,
issued, and outstanding voting securities of the subject;
(2) with respect to the person whose control
is denied and all affiliates of that person, the number and percentage of
shares of the subject's voting securities which are held of record or known to
be beneficially owned, and the number of these shares concerning which there is
a right to acquire, directly or indirectly;
(3) all material relationships and bases for
affiliation between the subject and the person whose control is denied and all
affiliates of that person;
(4) a
statement explaining why the person should not be considered to control the
subject.
(b) A request for termination of registration is considered to have been granted unless the director, within 30 days after he receives the request, notifies the registrant otherwise.
Authority:AS 21.06.090
AS 21.22.130
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