Minnesota Administrative Rules
Agency 120 - Commerce Department
Chapter 2720 - INSURANCE HOLDING COMPANY SYSTEMS
ACQUISITION FILING STATEMENTS AND REGISTRATION STATEMENTS
Part 2720.1800 - EXEMPTIONS FROM FILING
Current through Register Vol. 49, No. 13, September 23, 2024
The provisions of the act, section 3, shall not apply in those situations described therein and in this part.
A. The registration and amendments required in the act, section 3, shall not be required for any insurance company domiciled in the state of Minnesota if and so long as that company and all insurance company affiliates in its insurance holding company system do not sell any insurance or otherwise provide insurance protection to any person outside of the insurance holding company system, and it does not hold itself out as willing or available to sell insurance or otherwise provide insurance protection to members of the general public.
B. The registration and amendments required in the act, section 3, shall not be required for any insurance company not domiciled in the state of Minnesota that is otherwise required to file a registration statement, if the insurance company is included in a filing as an affiliate of another insurance company that is exempt from the requirements of the act, section 3, by virtue of the fact that it must file a registration statement in another state under statutes and regulations which are substantially similar to the act and these rules. However, the commissioner may request a copy of the registration statement filed in another state.
Statutory Authority: MS s 60D.07
