Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
031 - BUREAU OF INSURANCE
Chapter 180 - INSURANCE HOLDING COMPANY SYSTEM MODEL RULE WITH REPORTING FORMS AND INSTRUCTIONS
Section 031-180-12 - Acquisition of Person in Control of a Domestic Insurer
Universal Citation: 02 ME Code Rules ยง 031-180-12
Current through 2024-38, September 18, 2024
A. If the person being acquired controls a domestic insurer, the name of the domestic insurer should be indicated as follows on the cover page of Form A:
"ABC Insurance Company, a subsidiary of XYZ Holding Company."
B. Where control of a domestic insurer is being acquired through acquisition of its controlling person, references to "the insurer" contained in Form A shall refer to both the domestic subsidiary insurer and the person being acquired.
Disclaimer: These regulations may not be the most recent version. Maine may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
