Chapter 05A - Insurance Holding Companies
- Section 58-5A-1 - Definition of terms.
- Section 58-5A-2 - "Domestic insurer" defined.
- Section 58-5A-3 - Acquisition of control of or merger with domestic insurer--Information statement required--Approval by director required--Violation as misdemeanor.
- Section 58-5A-4 - Contents of information statement--Violation as misdemeanor.
- Section 58-5A-5 - Information statement required of partners or members of syndicate or group--Violationas misdemeanor.
- Section 58-5A-6 - Information statement required of corporate officers, directors and major stockholders--Violation as misdemeanor.
- Section 58-5A-7 - Amendment of information statement--Violation as misdemeanor.
- Section 58-5A-8 - Federal or state registration statements utilized in furnishing information.
- Section 58-5A-9 - Approval by director of acquisition or merger--Grounds for disapproval.
- Section 58-5A-10 - Time of hearing--Notice.
- Section 58-5A-11 - Procedure at hearing--Evidence admissible.
- Section 58-5A-11.1 - Cost of hearing officer--Retention of various experts at acquiring person's expense.
- Section 58-5A-12 - Time for director's determination after hearing.
- Section 58-5A-13 - Statements and notices mailed to shareholders--Expenses of mailing--Security required.
- Section 58-5A-14 - Repealed.
- Section 58-5A-15 - Mergers and consolidations exempt from information and approval requirements.
- Section 58-5A-16 - Acquisitions exempt from information and approval requirements by order of director.
- Section 58-5A-17 - Repealed.
- Section 58-5A-18 - Acquisition or merger without approval as misdemeanor.
- Section 58-5A-19 - Jurisdiction of court in Hughes County--Director as attorney for service of process.
- Section 58-5A-20 - Registration of subsidiary insurer--Time for registration--Statement required of foreigninsurer.
- Section 58-5A-21 - Form and contents of registration statement.
- Section 58-5A-22 - Initial and annual registration fees.
- Section 58-5A-23 - Disclosure of immaterial information not required.
- Section 58-5A-24 - Report of changes required of registered insurer.
- Section 58-5A-25 - Termination of registration.
- Section 58-5A-26 - Consolidated registration statement or report by affiliated insurers.
- Section 58-5A-27 - Registration by insurer on behalf of affiliated insurer.
- Section 58-5A-28 - Insurer exempt from registration requirements on order of director.
- Section 58-5A-29 - Disclaimer of affiliation--Contents and effect of filing--Disallowance of disclaimer.
- Section 58-5A-30 - Failure to file registration statement--Fine--Waiver.
- Section 58-5A-31 - Registration requirements satisfied by duplicate copies of federal filings.
- Section 58-5A-32 - Standards for material transactions by registered insurers with affiliates--Nonconformity.
- Section 58-5A-33 - Repealed.
- Section 58-5A-34 - Adequacy of insurer's surplus--Factors considered.
- Section 58-5A-35 - Notice to director of extraordinary distribution--Approval by director.
- Section 58-5A-36 - Application for approval of extraordinary distribution--Contents.
- Section 58-5A-37 - Examination of insurers--Director's order to produce information.
- Section 58-5A-38 - Grounds for director's examination.
- Section 58-5A-39 - Personnel employed by department for conduct of examination.
- Sections 58-5A-40, 58-5A-41 - Insurer to pay expense of examination. Confidentiality of information and documents obtained by examination--Grounds for publication by director
- Section 58-5A-42 - Repealed.
- Section 58-5A-43 - Acquisition of subsidiaries--Limitations.
- Section 58-5A-44 - Disposition of investment in subsidiary upon cessation of control--Waiver.
- Section 58-5A-45 - Pre-acquisition notification--"Person" defined.
- Section 58-5A-46 - "Acquisition" and "Involved insurer" defined--Limited application.
- Section 58-5A-47 - Application of §§ 58-5A-46 to 58-5A-53--Exceptions.
- Section 58-5A-48 - Avoiding subjection to cease and desist order--Contents of pre-acquisition notification.
- Section 58-5A-49 - Action by director when acquisition lessens competition--Promulgation of rules establishingcompetitive standards.
- Section 58-5A-50 - Acquisitions subject to order under § 58-5A-69.
- Section 58-5A-51 - Plan for limiting anticompetitive impact of acquisition--Time limit.
- Section 58-5A-52 - Fine, suspension, or revocation for violation of cease and desist order.
- Section 58-5A-53 - Failure to comply with filing requirements--Fine.
- Section 58-5A-54 - Report of dividends and distributions to shareholders--Time limit.
- Section 58-5A-55 - Persons subject to registration to provide complete and accurate information to insurer.
- Section 58-5A-56 - Notification to director of certain transactions required.
- Section 58-5A-57 - Transactions entered into to avoid director's review prohibited.
- Section 58-5A-58 - Considerations in decision to approve or disapprove transactions.
- Section 58-5A-59 - Notification to director of certain investments into one corporation.
- Section 58-5A-60 - Certain securities not to be voted at shareholder's meeting--Application for injunction.
- Section 58-5A-61 - Petition to seize or sequester voting securities acquired in violation of chapter.
- Section 58-5A-62 - Violations by officers subject to fine--Determining amount of fine.
- Section 58-5A-63 - Transactions or contracts entered into without approval--Cease and desist order bydirector.
- Section 58-5A-64 - Criminal proceedings for violation committed knowingly--Fine.
- Section 58-5A-65 - False statements, reports, or filings as felony.
- Section 58-5A-66 - Order for conservation, liquidation, or rehabilitation--Distribution and recovery--Liability.
- Section 58-5A-67 - Suspension, revocation, or refusal to renew license for violation.
- Section 58-5A-68 - Stay of director's action upon appeal to circuit court.
- Section 58-5A-69 - Order by director upon violation of standards--Cease and desist--Denial of license.
- Section 58-5A-70 - Promulgation of rules by director.
- Section 58-5A-71 - Application of §§ 58-5A-60 and 58-5A-61.
- Section 58-5A-72 - Ownership situs of voting securities.
- Section 58-5A-73 - Additional investments by domestic insurer.
- Section 58-5A-74 - Determining whether investments meet applicable requirements.
- Section 58-5A-75 - Investments subject to chapter 58-27.
- Section 58-5A-76 - Application to insurer not a member of same holding company.