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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