North Dakota Administrative Code
Title 45 - Insurance, Commissioner of
Article 45-03 - Regulation of Insurance Companies
Chapter 45-03-05 - Insurance Holding Company System Model Regulation With Reporting Forms and Instructions
Section 45-03-05-12.1 - Acquisition of subdivision d of subsection 1 of North Dakota Century Code section 26.1-10-03 insurers
Current through Supplement No. 394, October, 2024
1. If the person being acquired is deemed to be a "domestic insurer" solely because of the provisions of subdivision d of subsection 1 of North Dakota Century Code section 26.1-10-03, the name of the domestic insurer on the cover page must be indicated as follows:
"ABC Insurance Company, a subsidiary of XYZ Holding Company".
2. If subdivision d of subsection 1 of North Dakota Century Code section 26.1-10-03 insurer is being acquired, references to "the insurer" contained in Form A must refer to both the domestic subsidiary insurer and the person being acquired.
General Authority: NDCC 28-32
Law Implemented: NDCC 26.1-02-02, 26.1-06.1-01, 26.1-10-05