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 45-03-05-17 - Disclaimers and termination of registration
Universal Citation: ND Admin Code ยง 45-03-05-17
Current through Supplement No. 394, October, 2024
1. 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:
a. The number of authorized, issued and
outstanding voting securities of the subject.
b. With respect to the person whose control
is denied and all affiliates of that 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 the shares concerning which there is a
right to acquire, directly or indirectly.
c. All material relationships and bases for
affiliation between the subject and the person whose control is denied and all
affiliates of that person.
d. A
statement explaining why that person should not be considered to control the
subject.
2. A request for termination of registration shall be deemed to have been granted unless the commissioner, within thirty days after the commissioner receives the request, notifies the registrant otherwise.
General Authority: NDCC 26.1-10-12
Law Implemented: NDCC 26.1-10-04
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