(a) A disclaimer of affiliation or a request for termination of registration claiming that a person does not, or will not upon the taking of some proposed action, control another person, hereinafter referred to as the "subject", shall contain the following information:
- (1) The number of authorized, issued, and outstanding voting securities of the subject;
(2) With respect to the person whose control is denied and all affiliates of such person:
- (A) The number and percentage of shares of the subject's voting securities which are held of record or known to be beneficially owned; and
- (B) The number of shares concerning which there is a right to acquire, directly or indirectly;
- (3) All material relationships and bases for affiliation between the subject and the person whose control is denied and all affiliates of such person; and
- (4) A statement explaining why the person should not be considered to control the subject.
- (b) A request for termination of registration shall be deemed to have been granted unless the Insurance Commissioner, within thirty (30) days after receipt of the request, notifies the registrant otherwise.