Idaho Administrative Code
Title IDAPA 18 - Insurance, Department of
Rule 18.07.01 - RULES FOR ACQUIRING CONTROL, INSURANCE HOLDING COMPANY SYSTEMS, AND MUTUAL INSURANCE HOLDING COMPANIES
Section 18.07.01.051 - MHC APPLICATION - CONTENT - PROCESS
Universal Citation: ID Admin Code 18.07.01.051
Current through August 31, 2023
01. Designating Application as Limited or Standard. Applications are designated as limited or standard. Filing a limited application does not preclude later filing a standard application. (4-6-23)
02. Application Information. Applications are filed in duplicate and will include: (4-6-23)
a. Designation as limited or standard;
(4-6-23)
b. A Plan of
Reorganization; (4-6-23)
c. A plan
for policyholder approval in accordance with the applicant's articles of
incorporation and bylaws, with at least twenty (20) day notice to the
policyholders; (4-6-23)
d. A copy
of the MHC's proposed articles of incorporation and bylaws specifying all
membership rights; (4-6-23)
e. The
names, addresses and occupations of all corporate officers and members of the
MHC's board of directors; (4-6-23)
f. Information sufficient to demonstrate that
reorganization will not diminish the applicant's financial condition;
(4-6-23)
g. A copy of the proposed
articles of incorporation and bylaws for any insurance company subsidiary or
intermediate holding company subsidiary; (4-6-23)
h. Form A; (4-6-23)
i. An application index; and
(4-6-23)
j. Any other information
requested by the Director. (4-6-23)
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