Current through Register Vol. 54, No. 25, June 22, 2024
Section 25.17 - Annual registration of insurers-statement filing(a) An insurer required to file an annual registration statement under section 1404 of the act (40 P. S. § 991.1404) shall furnish the required information on Form B as prescribed by this chapter.(b) Under section 1404(a) of the act, an insurer shall file a Form B located in Appendix A within 15 days after becoming subject to registration and annually thereafter by March 31 of each year. If the Commissioner approves a merger or acquisition of control, the domestic insurer being acquired shall file a properly completed Form B within 15 days of the end of the month in which the merger or acquisition is consummated.(c) An amendment to Form B shall be filed within 15 days after the end of a month in which there is a material change to the information provided in the annual registration statement, including changes in officers or directors listed in Item 4 of Form B. An amendment to Form B is not required if a material change has been reported as a dividend, other distribution to shareholders, or other transaction under §§ 25.21 and 25.22 (relating to transactions subject to prior notice-notice filing; and all dividends and other distributions), and there has been no change in the reported information.(d) Amendments shall be filed in the Form B format with only items which are being amended reported. Each amendment shall include at the top of the first page "Amendment No. (insert number) to Form B for (insert year of most recent filing)" and shall indicate the date of the amendment and not the date of the original filing.The provisions of this § 25.17 adopted September 3, 1993, effective 9/4/1993, 23 Pa.B. 4216; amended August 10, 2001, effective 8/11/2001, 31 Pa.B. 4406.The provisions of this § 25.17 issued under Article XIV of The Insurance Company Law of 1921 (40 P. S. §§ 991.1401-991.1413); amended under section 337.8 of The Insurance Company Law of 1921 (40 P. S. § 459.8).