West Virginia Code of State Rules
Agency 114 - Insurance Commission
Title 114 - LEGISLATIVE RULE INSURANCE COMMISSIONER
Series 114-35 - Insurance Holding Company Systems
Section 114-35-16 - Disclaimers and Termination of Registration
Universal Citation: 114 WV Code of State Rules 114-35-16
Current through Register Vol. XLI, No. 38, September 20, 2024
16.1. 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:
16.1.a. The number of authorized, issued and
outstanding voting securities of the subject;
16.1.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 such shares concerning which there is a right to acquire,
directly or indirectly;
16.1.c. All
material relationships and bases for affiliation between the subject and the person
whose control is denied and all affiliates of that person; and
16.1.d. A statement explaining why the person
should not be considered to control the subject.
16.2. 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.
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