§ 56-11-108. Confidentiality of Investigations and Examinations
Documents, materials, or other information in the possession or control of the department that are obtained by or disclosed to the commissioner or any other person in the course of an examination or investigation made pursuant to § 56-11-107, and all information reported or provided to the department pursuant to §§ 56-11-103(b)(13)-(15), 56-11-105, 56-11-106, and […]
§ 56-11-109. Promulgation of Rules and Regulations
The commissioner may promulgate rules, regulations and orders necessary to carry out this part.
§ 56-11-101. Short Title — Definitions
This part shall be known and may be cited as the “Insurance Holding Company System Act of 1986.” As used in this part, unless the context otherwise requires: “Affiliate” of, or person “affiliated” with, a specific person, means a person that directly, or indirectly through one (1) or more intermediaries, controls, or is controlled by, […]
§ 56-11-102. Authorization for Subsidiary
Authorization. Any domestic insurer or licensed health maintenance organization, either by itself or in cooperation with one (1) or more persons, may organize or acquire one (1) or more subsidiaries. The subsidiaries may conduct any kind of business or businesses and their authority to do so shall not be limited by reason of the fact […]
§ 56-11-103. Mergers and Acquisitions of Control
Filing Requirements. No person other than the issuer shall make a tender offer for, or a request or invitation for tenders of, or enter into any agreement to exchange securities for, seek to acquire, or acquire, in the open market or otherwise, any voting security of a domestic insurer if, after the consummation thereof, the […]
§ 56-11-104. Acquisitions Resulting in Change in Control of Insurer
Definitions. As used in this section only: “Acquisition” means any agreement, arrangement or activity, the consummation of which results in a person acquiring directly or indirectly the control of another person, and includes, but is not limited to, the acquisition of voting securities, the acquisition of assets, bulk reinsurance and mergers; and “Involved insurer” includes […]
§ 56-11-105. Registration of Insurers and Health Maintenance Organizations — Statements — Disclaimer of Affiliation
Registration. Every insurer and every health maintenance organization that is authorized to do business in this state and that is a member of an insurance holding company system or health maintenance organization holding company system shall register with the commissioner, except a foreign insurer subject to registration requirements and standards adopted by statute or regulation […]
§ 56-11-106. Transactions Within a Holding Company System — Standards — Dividends — Management of Domestic Insurers and Health Maintenance Organizations
Transactions Within a Holding Company System. Transactions within an insurance or health maintenance organization holding company system, to which an insurer or health maintenance organization subject to registration is a party, shall be subject to the following standards: The terms shall be fair and reasonable; Agreements for cost sharing services and management shall include such […]
§ 56-11-107. Financial Condition of Insurer or Health Maintenance Organization
Power of Commissioner. Subject to the limitation contained in this section, and in addition to the powers that the commissioner has under chapters 1 and 32 of this title, relating to the examination of insurers or health maintenance organizations, the commissioner also has the power to examine any insurer or health maintenance organization registered under […]