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58-5A INSURANCE HOLDING COMPANIES
CHAPTER 58-5A

INSURANCE HOLDING COMPANIES

58-5A-1      Definition of terms.
58-5A-2      "Domestic insurer" defined.
58-5A-3      Acquisition of control of or merger with domestic insurer--Information statement required--Approval by director required--Violation as misdemeanor.
58-5A-4      Contents of information statement--Violation as misdemeanor.
58-5A-5      Information statement required of partners or members of syndicate or group--Violation as misdemeanor.
58-5A-6      Information statement required of corporate officers, directors and major stockholders--Violation as misdemeanor.
58-5A-7      Amendment of information statement--Violation as misdemeanor.
58-5A-8      Federal or state registration statements utilized in furnishing information.
58-5A-9      Approval by director of acquisition or merger--Grounds for disapproval.
58-5A-10      Time of hearing--Notice.
58-5A-11      Procedure at hearing--Evidence admissible.
58-5A-11.1      Cost of hearing officer--Retention of various experts at acquiring person's expense.
58-5A-12      Time for director's determination after hearing.
58-5A-13      Statements and notices mailed to shareholders--Expenses of mailing--Security required.
58-5A-14      Repealed.
58-5A-15      Mergers and consolidations exempt from information and approval requirements.
58-5A-16      Acquisitions exempt from information and approval requirements by order of director.
58-5A-17      Repealed.
58-5A-18      Acquisition or merger without approval as misdemeanor.
58-5A-19      Jurisdiction of court in Hughes County--Director as attorney for service of process.
58-5A-20      Registration of subsidiary insurer--Time for registration--Statement required of foreign insurer.
58-5A-21      Form and contents of registration statement.
58-5A-22      Initial and annual registration fees.
58-5A-23      Disclosure of immaterial information not required.
58-5A-24      Report of changes required of registered insurer.
58-5A-25      Termination of registration.
58-5A-26      Consolidated registration statement or report by affiliated insurers.
58-5A-27      Registration by insurer on behalf of affiliated insurer.
58-5A-28      Insurer exempt from registration requirements on order of director.
58-5A-29      Disclaimer of affiliation--Contents and effect of filing--Disallowance of disclaimer.
58-5A-30      Failure to file registration statement--Fine--Waiver.
58-5A-31      Registration requirements satisfied by duplicate copies of federal filings.
58-5A-32      Standards for material transactions by registered insurers with affiliates--Nonconformity.
58-5A-33      Repealed.
58-5A-34      Adequacy of insurer's surplus--Factors considered.
58-5A-35      Notice to director of extraordinary distribution--Approval by director.
58-5A-36      Application for approval of extraordinary distribution--Contents.
58-5A-37      Examination of insurers--Director's order to produce information.
58-5A-38      Grounds for director's examination.
58-5A-39      Personnel employed by department for conduct of examination.
58-5A-40      Insurer to pay expense of examination.


58-5A-41      Confidentiality of information and documents obtained by examination--Grounds for publication by director.
58-5A-42      Repealed.
58-5A-43      Acquisition of subsidiaries--Limitations.
58-5A-44      Disposition of investment in subsidiary upon cessation of control--Waiver.
58-5A-45      Pre-acquisition notification--"Person" defined.
58-5A-46      "Acquisition" and "Involved insurer" defined--Limited application.
58-5A-47      Application of §§ 58-5A-46 to 58-5A-53--Exceptions.
58-5A-48      Avoiding subjection to cease and desist order--Contents of pre-acquisition notification.
58-5A-49      Action by director when acquisition lessens competition--Promulgation of rules establishing competitive standards.
58-5A-50      Acquisitions subject to order under § 58-5A-69.
58-5A-51      Plan for limiting anticompetitive impact of acquisition--Time limit.
58-5A-52      Fine, suspension, or revocation for violation of cease and desist order.
58-5A-53      Failure to comply with filing requirements--Fine.
58-5A-54      Report of dividends and distributions to shareholders--Time limit.
58-5A-55      Persons subject to registration to provide complete and accurate information to insurer.
58-5A-56      Notification to director of certain transactions required.
58-5A-57      Transactions entered into to avoid director's review prohibited.
58-5A-58      Considerations in decision to approve or disapprove transactions.
58-5A-59      Notification to director of certain investments into one corporation.
58-5A-60      Certain securities not to be voted at shareholder's meeting--Application for injunction.
58-5A-61      Petition to seize or sequester voting securities acquired in violation of chapter.
58-5A-62      Violations by officers subject to fine--Determining amount of fine.
58-5A-63      Transactions or contracts entered into without approval--Cease and desist order by director.
58-5A-64      Criminal proceedings for violation committed knowingly--Fine.
58-5A-65      False statements, reports, or filings as felony.
58-5A-66      Order for conservation, liquidation, or rehabilitation--Distribution and recovery--Liability.
58-5A-67      Suspension, revocation, or refusal to renew license for violation.
58-5A-68      Stay of director's action upon appeal to circuit court.
58-5A-69      Order by director upon violation of standards--Cease and desist--Denial of license.
58-5A-70      Promulgation of rules by director.
58-5A-71      Application of §§ 58-5A-60 and 58-5A-61.
58-5A-72      Ownership situs of voting securities.
58-5A-73      Additional investments by domestic insurer.
58-5A-74      Determining whether investments meet applicable requirements.
58-5A-75      Investments subject to chapter 58-27.
58-5A-76      Application to insurer not a member of same holding company.
58-5A-77      Dividends paid from earned surplus--Exclusions--Promulgation of rules for ordinary dividends.


Title 58
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