Section 760 IAC 1-15.1-11 - Alternate and consolidated registrationsAuthority: IC 27-1-3-7
Affected: IC 27-1-23-3
Sec. 11.
(a) Any authorized insurer may file a registration statement on behalf of any affiliated insurer or insurers which are required to register under IC 27-1-23-3. A registration statement may include information regarding any insurer in the insurance holding company system even if such insurer is not authorized to do business in this state. In lieu of filing a registration statement on Form B, the authorized insurer may file a copy of the registration statement or similar report which it is required to file in its state of domicile, provided: (1) the statement or report contains substantially similar information required to be furnished on Form B; and(2) the filing insurer is the principal insurance company in the insurance holding company system. The question of whether the filing insurer is the principal insurance company in the insurance holding company system is a question of fact, and an insurer filing a registration statement or report in lieu of Form B on behalf of an affiliated insurer shall set forth a simple statement of facts which will substantiate the filing insurer's claim that it, in fact, is the principal insurer in the insurance holding company system.
(b) Any authorized insurer may take advantage of IC 27-1-23-3(h) or IC 27-1-23-3(i) without obtaining the prior approval of the commissioner. The commissioner, however, reserves the right to require individual filings if the commissioner deems such filings necessary in the interest of clarity, ease of administration, or the public good.(c) A foreign or alien insurer otherwise subject to IC 27-1-23-3 shall not be required to register if in the domiciliary state it is subject to disclosure requirements and standards adopted by statute or regulation which are substantially similar to those contained in IC 27-1-23-3, provided, the commissioner may require a copy of the registration statement or other information filed with the domiciliary state or the principal insurer.(d) The state of entry of an alien insurer shall be deemed to be its domiciliary state for purposes of IC 27-1-23-3.(e) Any insurer not otherwise exempt or excepted from IC 27-1-23-3 may apply for an exemption by submitting a statement to the commissioner of the department of insurance setting forth its reason for being exempt.(f) An amendment to Form B shall be filed by a registered insurer within fifteen (15) days after the end of the month in which it learns of any material change or addition in the information required to be furnished on Form B. An annual financial statement, an annual report to shareholders, and any proxy material of the ultimate controlling person shall be deemed a material change or addition requiring the filing of an amendment to Form B. Department of Insurance; 760 IAC 1-15.1-11; filed Oct 18, 1994, 3:55 p.m.: 18 IR 527; readopted filed Sep 14, 2001, 12:22 p.m.: 25 IR 531; readopted filed Nov 27, 2007, 4:01 p.m.: 20071226-IR-760070717RFA; readopted filed November 26, 2013, 3:43 p.m.: 20131225-IR-760130479RFAReadopted filed 11/19/2019, 9:18 a.m.: 20191218-IR-760190497RFA