New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter IV - Financial Condition Of Insurer and Reports to Superintendent
Subchapter A - Rules of General Application
Part 80 - Controlled insurers
Subpart 80-1 - Holding companies
Section 80-1.3 - Applications pursuant to Insurance Law section 1501(c)
Current through Register Vol. 46, No. 39, September 25, 2024
Applications for a determination that a person does not, or will not upon the taking of some proposed action, control any other person (hereinafter referred to as the "subject"), shall contain the following information:
(a) The number of authorized, issued and outstanding voting shares of the subject;
(b) With respect to such person and all persons controlling, controlled by or under common control with such person:
(c) Whether such person, including any person controlling, controlled by or under common control with it, is, or during the next preceding 12 months was, engaged under an agreement, contract, or retainer with the subject as a supplier of goods or services or in some employment or consulting capacity, or whether there is any understanding, written or otherwise, that such person will be so engaged, for which compensation was, is or will be payable; the nature of the arrangement and amount of such compensation;
(d) Whether such person is under common management, or shares any common officers or directors, with the subject and whether such person, if a natural person, or any member of his or her immediate family, is an officer or director of the subject; and
(e) A detailed statement explaining why such person should not be considered to control the subject.
