§ 33-55-1. Insurers to Report Acquisitions and Dispositions of Assets and Material Changes to Ceded Reinsurance Agreements to Commissioner
Every insurer domiciled in this state shall file a report with the Commissioner disclosing material acquisitions and dispositions of assets or material nonrenewals, cancellations, or revisions of ceded reinsurance agreements unless such acquisitions and dispositions of assets or material nonrenewals, cancellations, or revisions of ceded reinsurance agreements have been submitted to the Commissioner for review, […]
§ 33-55-2. “Material” Acquisition or Disposition Defined; Scope of Reporting Requirement; Information to Be Included in Report
No acquisitions or dispositions of assets need be reported pursuant to Code Section 33-55-1 if the acquisitions or dispositions are not material. For purposes of this chapter, a material acquisition or disposition or the aggregate of any series of related acquisitions or related dispositions during any 30 day period is one that is nonrecurring and […]
§ 33-55-3. “Material” Nonrenewal, Cancellation, or Revision of Ceded Reinsurance Agreement Defined; Scope of Reporting Requirement; Information to Be Included in Report
Nonrenewals, cancellations, or revisions of ceded reinsurance agreements shall not be required to be reported pursuant to Code Section 33-55-1 if the nonrenewals, cancellations, or revisions are not material. For purposes of this chapter, a material nonrenewal, cancellation, or revision is one that affects: With respect to property and casualty business, including accident and health […]