054.00.93-3. Definition of “Noninsurance Subsidiary”.
AR ADC 054.00.93-3Arkansas Administrative Code
Ark. Admin. Code 054.00.93-3
054.00.93-3. Definition of “Noninsurance Subsidiary”.
“Noninsurance subsidiary” means a corporation or other entity in which an insurer has, directly or indirectly, a majority ownership, and such corporation or other entity is not necessary and incidental to the convenient operation of the insurer's insurance business, does not administer any of the insurer's lawful investments, and is not subject to licensure by or registration with the Commissioner.
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 054.00.93-3, AR ADC 054.00.93-3
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