Rules & Regulations of the State of Tennessee
Title 0780 - Commerce and Insurance
Subtitle 0780-01 - Insurance Division
Chapter 0780-01-67 - Insurance Holding Company System Regulations with Reporting Forms and Instructions
Section 0780-01-67-.15 - DISCLAIMERS AND TERMINATION OF REGISTRATION
Universal Citation: TN Comp Rules and Regs 0780-01-67-.15
Current through September 24, 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 such 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 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 such person;
(d) A
statement explaining why the 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 (30) days after receipt of the request, notifies the registrant otherwise.
Authority: T.C.A. §§ 56-2-301, 56-11-205(k) and 56-11-209.
Disclaimer: These regulations may not be the most recent version. Tennessee 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.
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