Current through the 2024 Legislative Session
Section 431:4-108 - Application for a solicitation permitTo apply for a solicitation permit a person shall:
(1) File with the commissioner a request showing:(A) Name, type and purpose of insurer or corporation proposed to be formed;(B) Names, addresses and business records of each person associated or to be associated with in the formation of the proposed insurer or corporation;(C) Full disclosure of the terms of all understandings and agreements existing or proposed among persons so associated relative to the proposed insurer or corporation or the formation thereof;(D) The plan according to which solicitations are to be made;(E) Such additional information as the commissioner may reasonably require.(2) File with the commissioner: (A)(i) The articles of incorporation, or(ii) The proposed subscribers' agreement and power of attorney, if the proposed insurer is a reciprocal;(B) Original and one copy of any proposed bylaws;(C) Copy of any security proposed to be issued and copy of application or subscription agreement therefor;(D) Copy of any insurance contract proposed to be offered and copy of application therefor;(E) Copy of any prospectus, advertising or literature proposed to be used;(F) Copy of proposed form of any escrow agreement required.(3) Deposit with the commissioner the appropriate fees required by this code.