La. Admin. Code tit. 37 § XIII-123

Current through Register Vol. 50, No. 11, November 20, 2024

Section XIII-123 - Disclaimers and Termination of Registration

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 such 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 such person should not be considered to control the subject.

La. Admin. Code tit. 37, § XIII-123

Promulgated by the Department of Insurance, Commissioner of Insurance, LR 18:274 (March 1992), amended LR 19:501 (April 1993), Amended LR 19:501 (April 1993), LR 411297 (7/1/2015).

AUTHORITY NOTE: Promulgated in accordance with R.S. 22:691.1-691.27.