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Section 58-5A-1 - Definitions. - 58-5A-1. Definitions. Terms used in this chapter mean: (1)"Affiliate of,...
Section 58-5A-2 - "Domestic insurer" defined. - 58-5A-2. Domestic insurer defined. For purposes of §§58-5A-3 to 58-5A-18,...
Section 58-5A-3 - Acquisition of control of or merger with domestic insurer--Information statement required--Approval by director required--Violation as misdemeanor. - 58-5A-3. Acquisition of control of or merger with domestic insurer--Information...
Section 58-5A-3.1 - Divestiture of controlling interest in domestic insurer--Notice to director and insurer. - 58-5A-3.1. Divestiture of controlling interest in domestic insurer--Notice to director...
Section 58-5A-4 - Contents of information statement--Violation as misdemeanor. - 58-5A-4. Contents of information statement--Violation as misdemeanor. The statement to...
Section 58-5A-5 - Information statement required of partners or members of syndicate or group--Violation as misdemeanor. - 58-5A-5. Information statement required of partners or members of syndicate...
Section 58-5A-6 - Information required of corporations, officers, directors and certain owners of voting securities--Violation as misdemeanor. - 58-5A-6. Information required of corporations, officers, directors and certain owners...
Section 58-5A-7 - Amendment of information statement--Violation as misdemeanor. - 58-5A-7. Amendment of information statement--Violation as misdemeanor. If any material...
Section 58-5A-8 - Federal or state registration statements utilized in furnishing information. - 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. - 58-5A-9. Approval by director of acquisition or merger--Grounds for disapproval....
Section 58-5A-9.1 - Disapproval of dividends or distributions for violation--Order of supervision. - 58-5A-9.1. Disapproval of dividends or distributions for violation--Order of supervision....
Section 58-5A-10 - Time of hearing--Notice. - 58-5A-10. Time of hearing--Notice. The public hearing required by §58-5A-9...
Section 58-5A-10.1 - Request for public hearing on consolidated basis. - 58-5A-10.1. Request for public hearing on consolidated basis. If a...
Section 58-5A-11 - Procedure at hearing--Evidence admissible. - 58-5A-11. Procedure at hearing--Evidence admissible. At the public hearing required...
Section 58-5A-11.1 - Cost of hearing officer--Retention of various experts at acquiring person's expense. - 58-5A-11.1. Cost of hearing officer--Retention of various experts at acquiring...
Section 58-5A-12 - Time for director's determination after hearing. - 58-5A-12. Time for director's determination after hearing. The director shall...
Section 58-5A-13 - Statements and notices mailed to shareholders--Expenses of mailing--Security required. - 58-5A-13. Statements and notices mailed to shareholders--Expenses of mailing--Security required....
Section 58-5A-15 - Mergers and consolidations exempt from information and approval requirements. - 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. - 58-5A-16. Acquisitions exempt from information and approval requirements by order...
Section 58-5A-18 - Acquisition, divestiture, or merger without approval as misdemeanor. - 58-5A-18. Acquisition, divestiture, or merger without approval as misdemeanor. No...
Section 58-5A-19 - Jurisdiction of court in Hughes County--Director as attorney for service of process. - 58-5A-19. Jurisdiction of court in Hughes County--Director as attorney for...
Section 58-5A-20 - Registration of subsidiary insurer--Time for registration--Statement required of foreign insurer. - 58-5A-20. Registration of subsidiary insurer--Time for registration--Statement required of foreign...
Section 58-5A-21 - Form and contents of registration statement. - 58-5A-21. Form and contents of registration statement. Each insurer subject...
Section 58-5A-22 - Initial and annual registration fees. - 58-5A-22. Initial and annual registration fees. The initial fee for...
Section 58-5A-23 - Disclosure of immaterial information not required. - 58-5A-23. Disclosure of immaterial information not required. No information need...
Section 58-5A-24 - Report of changes required of registered insurer. - 58-5A-24. Report of changes required of registered insurer. Each registered...
Section 58-5A-25 - Termination of registration. - 58-5A-25. Termination of registration. The director shall terminate the registration...
Section 58-5A-26 - Consolidated registration statement or report by affiliated insurers. - 58-5A-26. Consolidated registration statement or report by affiliated insurers. Two...
Section 58-5A-27 - Registration by insurer on behalf of affiliated insurer. - 58-5A-27. Registration by insurer on behalf of affiliated insurer. The...
Section 58-5A-28 - Insurer exempt from registration requirements on order of director. - 58-5A-28. Insurer exempt from registration requirements on order of director....
Section 58-5A-29 - Disclaimer of affiliation--Contents--Procedure on disallowance. - 58-5A-29. Disclaimer of affiliation--Contents--Procedure on disallowance. Any person may file...
Section 58-5A-29.1 - Annual enterprise risk report. - 58-5A-29.1. Annual enterprise risk report. The ultimate controlling person of...
Section 58-5A-30 - Failure to file registration statement or enterprise risk report--Penalty--Waiver. - 58-5A-30. Failure to file registration statement or enterprise risk report--Penalty--Waiver....
Section 58-5A-31 - Registration requirements satisfied by duplicate copies of federal filings. - 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. - 58-5A-32. Standards for material transactions by registered insurers with affiliates--Nonconformity....
Section 58-5A-34 - Adequacy of insurer's surplus--Factors considered. - 58-5A-34. Adequacy of insurer's surplus--Factors considered. For purposes of this...
Section 58-5A-35 - Notice to director of extraordinary distribution--Approval by director. - 58-5A-35. Notice to director of extraordinary distribution--Approval by director. No...
Section 58-5A-36 - Application for approval of extraordinary distribution--Contents. - 58-5A-36. Application for approval of extraordinary distribution--Contents. Requests for approval...
Section 58-5A-37 - Examination of insurers and affiliates. - 58-5A-37. Examination of insurers and affiliates. Subject to the limitations...
Section 58-5A-38 - Grounds for director's examination. - 58-5A-38. Grounds for director's examination. The director shall exercise his...
Section 58-5A-38.1 - Production of records, books, and other information. - 58-5A-38.1. Production of records, books, and other information. The director...
Section 58-5A-38.2 - Examination of registered insurer's affiliates to obtain information. - 58-5A-38.2. Examination of registered insurer's affiliates to obtain information. If...
Section 58-5A-39 - Personnel employed by department for conduct of examination. - 58-5A-39. Personnel employed by department for conduct of examination. The...
Section 58-5A-40 - Insurer to pay expense of examination. - 58-5A-40. Insurer to pay expense of examination. Each registered insurer...
Section 58-5A-41 - Confidentiality of information in possession or control of Division--Use in regulatory or legal action--Grounds for publication by director. - 58-5A-41. Confidentiality of information in possession or control of Division--Use...
Section 58-5A-41.1 - Testimony in private civil action concerning confidential information prohibited. - 58-5A-41.1. Testimony in private civil action concerning confidential information prohibited....
Section 58-5A-41.2 - Certain sharing of confidential information permitted. - 58-5A-41.2. Certain sharing of confidential information permitted. To assist in...
Section 58-5A-41.3 - Agreements regarding sharing of confidential information. - 58-5A-41.3. Agreements regarding sharing of confidential information. The director shall...
Section 58-5A-41.4 - Information in possession or control of NAIC confidential. - 58-5A-41.4. Information in possession or control of NAIC confidential. Any...
Section 58-5A-41.5 - Confidentiality not waived by disclosure of information. - 58-5A-41.5. Confidentiality not waived by disclosure of information. No waiver...
Section 58-5A-43 - Acquisition of subsidiaries--Limitations. - 58-5A-43. Acquisition of subsidiaries--Limitations. Any domestic insurer, either by itself...
Section 58-5A-44 - Disposition of investment in subsidiary upon cessation of control--Waiver. - 58-5A-44. Disposition of investment in subsidiary upon cessation of control--Waiver....
Section 58-5A-45 - Pre-acquisition notification--"Person" defined. - 58-5A-45. Pre-acquisition notification--Person defined. Any person acquiring assets pursuant to...
Section 58-5A-46 - "Acquisition" and "Involved insurer" defined--Limited application. - 58-5A-46. Acquisition and involved insurer defined. The following definitions shall...
Section 58-5A-47 - Application of §§ 58-5A-46 to 58-5A-53--Exceptions. - 58-5A-47. Application of §§58-5A-46 to 58-5A-53--Exceptions. The provisions of §§58-5A-46...
Section 58-5A-48 - Pre-acquisition notification--Contents--Waiting period. - 58-5A-48. Pre-acquisition notification--Contents--Waiting period. An acquisition covered pursuant to the...
Section 58-5A-49 - Action by director when acquisition lessens competition--Promulgation of rules establishing competitive standards. - 58-5A-49. Action by director when acquisition lessens competition--Promulgation of rules...
Section 58-5A-50 - Acquisitions subject to order under § 58-5A-69. - 58-5A-50. Acquisitions subject to order under §58-5A-69. An order may...
Section 58-5A-51 - Plan for limiting anticompetitive impact of acquisition--Time limit. - 58-5A-51. Plan for limiting anticompetitive impact of acquisition--Time limit. An...
Section 58-5A-52 - Fine, suspension, or revocation for violation of cease and desist order. - 58-5A-52. Fine, suspension, or revocation for violation of cease and...
Section 58-5A-53 - Failure to comply with filing requirements--Fine. - 58-5A-53. Failure to comply with filing requirements--Fine. Any insurer or...
Section 58-5A-54 - Report of dividends and distributions to shareholders--Time limit. - 58-5A-54. Report of dividends and distributions to shareholders--Time limit. In...
Section 58-5A-55 - Persons subject to registration to provide complete and accurate information to insurer. - 58-5A-55. Persons subject to registration to provide complete and accurate...
Section 58-5A-56 - Notification to director of certain transactions required. - 58-5A-56. Notification to director of certain transactions required. A domestic...
Section 58-5A-57 - Transactions entered into to avoid director's review prohibited. - 58-5A-57. Transactions entered into to avoid director's review prohibited. A...
Section 58-5A-58 - Considerations in decision to approve or disapprove transactions. - 58-5A-58. Considerations in decision to approve or disapprove transactions. The...
Section 58-5A-59 - Notification to director of certain investments into one corporation. - 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. - 58-5A-60. Certain securities not to be voted at shareholder's meeting--Application...
Section 58-5A-61 - Petition to seize or sequester voting securities acquired in violation of chapter. - 58-5A-61. Petition to seize or sequester voting securities acquired in...
Section 58-5A-62 - Violations by officers subject to fine--Determining amount of fine. - 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 by director. - 58-5A-63. Transactions or contracts entered into without approval--Cease and desist...
Section 58-5A-64 - Criminal proceedings for violation committed knowingly--Fine. - 58-5A-64. Criminal proceedings for violation committed knowingly--Fine. If it appears...
Section 58-5A-65 - False statements, reports, or filings as felony. - 58-5A-65. False statements, reports, or filings as felony. Any officer,...
Section 58-5A-66 - Order for conservation, liquidation, or rehabilitation--Distribution and recovery--Liability. - 58-5A-66. Order for conservation, liquidation, or rehabilitation--Distribution and recovery--Liability. If...
Section 58-5A-67 - Suspension, revocation, or refusal to renew license for violation. - 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. - 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. - 58-5A-69. Order by director upon violation of standards--Cease and desist--Denial...
Section 58-5A-70 - Promulgation of rules by director. - 58-5A-70. Promulgation of rules by director. The director may promulgate...
Section 58-5A-71 - Application of §§ 58-5A-60 and 58-5A-61. - 58-5A-71. Application of §§58-5A-60 and 58-5A-61. Sections 58-5A-60 and 58-5A-61...
Section 58-5A-72 - Ownership situs of voting securities. - 58-5A-72. Ownership situs of voting securities. For the purposes of...
Section 58-5A-73 - Additional investments by domestic insurer. - 58-5A-73. Additional investments by domestic insurer. In addition to investments...
Section 58-5A-74 - Determining whether investments meet applicable requirements. - 58-5A-74. Determining whether investments meet applicable requirements. Whether any investment...
Section 58-5A-75 - Investments subject to chapter 58-27. - 58-5A-75. Investments subject to chapter 58-27. Investments in common stock,...
Section 58-5A-76 - Application to insurer not a member of same holding company. - 58-5A-76. Application to insurer not a member of same holding...
Section 58-5A-77 - Dividends paid from earned surplus--Exclusions--Promulgation of rules for ordinary dividends. - 58-5A-77. Dividends paid from earned surplus--Exclusions--Promulgation of rules for ordinary...
Section 58-5A-78 - Director's participation in supervisory college to determine insurer compliance. - 58-5A-78. Director's participation in supervisory college to determine insurer compliance....
Section 58-5A-79 - Expenses of director's participation in supervisory college. - 58-5A-79. Expenses of director's participation in supervisory college. Each registered...
Section 58-5A-80 - Director's participation in supervisory college with other regulators. - 58-5A-80. Director's participation in supervisory college with other regulators. The...
Section 58-5A-80.1 - Internationally active insurance group--Supervision. - 58-5A-80.1 . Internationally active insurance group--Supervision. The director may act...
Section 58-5A-80.2 - International active insurance group--Group-wide supervisor determination. - 58-5A-80.2 . International active insurance group--Group-wide supervisor determination. In cooperation...
Section 58-5A-80.3 - Internationally active insurance group--Group-wide supervisor acknowledgment. - 58-5A-80.3 . Internationally active insurance group--Group-wide supervisor acknowledgment. Notwithstanding any...
Section 58-5A-80.4 - Group-wide supervisor--Information for determination. - 58-5A-80.4 . Group-wide supervisor--Information for determination. The director, as provided...
Section 58-5A-80.5 - Group-wide supervisor--Director supervision--Permitted activities. - 58-5A-80.5 . Group-wide supervisor--Director supervision--Permitted activities. If the director is...
Section 58-5A-80.6 - Group-wide supervisor--Director cooperation. - 58-5A-80.6 . Group-wide supervisor--Director cooperation. If the director acknowledges that...
Section 58-5A-80.7 - Information sharing. - 58-5A-80.7 . Information sharing. The director may enter into any...
Section 58-5A-80.8 - Promulgation of rules. - 58-5A-80.8 . Promulgation of rules. The director may promulgate rules,...
Section 58-5A-80.9 - Reasonable expenses. - 58-5A-80.9 . Reasonable expenses. A registered insurer subject to the...
Section 58-5A-81 - Maintenance of risk management framework. - 58-5A-81. Maintenance of risk management framework. An insurer shall maintain...
Section 58-5A-82 - Regular conduct of ORSA. - 58-5A-82. Regular conduct of ORSA. Subject to the provisions of...
Section 58-5A-83 - Submission of ORSA summary report or comparable reports to division. - 58-5A-83. Submission of ORSA summary report or comparable reports to...
Section 58-5A-84 - ORSA summary report requirements. - 58-5A-84. ORSA summary report requirements. ORSA summary reports shall: (1)Include...
Section 58-5A-85 - Exemption from requirements. - 58-5A-85. Exemption from requirements. An insurer shall be exempt from...
Section 58-5A-86 - Requirements where insurer or insurer's group does not qualify for exemption. - 58-5A-86. Requirements where insurer or insurer's group does not qualify...
Section 58-5A-87 - Insurer's application for waiver. - 58-5A-87. Insurer's application for waiver. An insurer that does not...
Section 58-5A-88 - One year period to comply with requirements following loss of qualification for exemption. - 58-5A-88. One year period to comply with requirements following loss...
Section 58-5A-89 - Conditions under which director may require maintenance of risk management framework, conduct of ORSA, and filing of ORSA summary report. - 58-5A-89. Conditions under which director may require maintenance of risk...
Section 58-5A-90 - Confidentiality of information submitted to division. - 58-5A-90. Confidentiality of information submitted to division. Documents, materials, or...
Section 58-5A-91 - Powers and duties of director regarding ORSA. - 58-5A-91. Powers and duties of director regarding ORSA. In order...
Section 58-5A-92 - Sharing of information and documents by director--Confidentiality. - 58-5A-92. Sharing of information and documents by director--Confidentiality. The sharing...
Section 58-5A-93 - Promulgation of rules regarding ORSA. - 58-5A-93. Promulgation of rules regarding ORSA. The director shall promulgate...