Idaho Admin. Code r. 18.07.01.051

Current through September 2, 2024
Section 18.07.01.051 - MHC APPLICATION - CONTENT - PROCESS
01.Designating Application as Limited or Standard. Applications are designated as limited or standard. Filing a limited application does not preclude later filing a standard application.
02.Application Information. Applications are filed in duplicate and will include:
a. Designation as limited or standard;
b. A Plan of Reorganization;
c. A plan for policyholder approval in accordance with the applicant's articles of incorporation and bylaws, with at least twenty (20) day notice to the policyholders;
d. A copy of the MHC's proposed articles of incorporation and bylaws specifying all membership rights;
e. The names, addresses and occupations of all corporate officers and members of the MHC's board of directors;
f. Information sufficient to demonstrate that reorganization will not diminish the applicant's financial condition;
g. A copy of the proposed articles of incorporation and bylaws for any insurance company subsidiary or intermediate holding company subsidiary;
h. Form A;
i. An application index; and
j. Any other information requested by the Director.

Idaho Admin. Code r. 18.07.01.051

Effective April 6, 2023