Louisiana Administrative Code
Title 37 - INSURANCE
Part XIII - Regulations
Chapter 1 - Regulation Number 31-Holding Company
Section XIII-123 - Disclaimers and Termination of Registration
Universal Citation: LA Admin Code XIII-123
Current through Register Vol. 50, No. 3, March 20, 2024
A. A disclaimer of affiliation or a request for termination of registration claiming that a person does not, or will not upon the taking of some proposed action, control another person (hereinafter referred to as the "subject") shall 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 such 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 such 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 such person;
4. a
statement explaining why such person should not be considered to control the
subject.
AUTHORITY NOTE: Promulgated in accordance with R.S. 22:691.1-691.27.
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