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054.00.15-19. Disclaimers and Termination of Registration.

AR ADC 054.00.15-19Arkansas Administrative CodeEffective: January 1, 2016

West's Arkansas Administrative Code
Title 054. Insurance Department
Division 00.
Rule 15. Insurance Holding Company Systems with Reporting Forms and Instructions
Effective: January 1, 2016
Ark. Admin. Code 054.00.15-19
054.00.15-19. Disclaimers and Termination of Registration.
Currentness
(a) 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:
(1) The number of authorized, issued and outstanding voting securities of the subject;
(2) 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;
(3) All material relationships and bases for affiliation between the subject and the person whose control is denied and all affiliates of such person;
(4) A statement explaining why the person should not be considered to control the subject.
(b) 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.

Credits

Amended Jan. 1, 2016.
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 054.00.15-19, AR ADC 054.00.15-19
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