Section 26-A1613. ALTERNATIVE AND CONSOLIDATED REGISTRATIONS

 

1613.1Any authorized insurer may file a registration statement on behalf of any affiliated insurer or insurers which are required to register under Section 6 of the Act. A registration statement may include information not required by the Act regarding any insurer in the insurance holding company system even if such insurer is not authorized to do business in this jurisdiction. 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 jurisdiction of domicile, provide:

 

(a)The statement or report contains substantially similar information required to be furnished on Form B; and

 

(b)The filing insurer is the principal insurance company in the insurance holding company system.

 

1613.2The 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 brief 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.

 

1613.3With the prior approval of the Commissioner, an unauthorized insurer may follow any of the procedures which could be done by an authorized insurer under Subsection 1613.1 above.

 

1613.4Any insurer may take advantage of the provisions of Section 6(h) or 6(i) of the Act without obtaining the prior approval of the Commissioner. The Commissioner, however, reserves the right to require individual filings if he or she deems such filings necessary in the interest of clarity, ease of administration or the public good.

 

 

authority

Section 10 of the Holding Company System Act of 1993, effective October 21, 1993 (D.C. Law 10-44; D.C. Official Code § 35-3701 (1997 Repl.)), Reorganization Plan No. 1 of 1983, and Mayor’s Order 94-54, dated March 7, 1994.

source

33 DCRR § 875.14 (March 1975); as amended by Final Rulemaking published at 41 DCR 2185 (April 22, 1994).

EditorNote

These regulations were originally promulgated pursuant to the authority granted in D.C. Official Code § 35-1908 (1973 ed.), and Commissioner’s Order 74-231, dated November 6, 1974.