(1) A disclaimer of affiliation or a request for termination of registration claiming that a person does not control any other person, or that a person will not control any other person upon the taking of some proposed action, hereinafter the "other person" referred to as the "subject", shall contain the following information:
- (a) the number of the subject's authorized, issued, and outstanding voting securities;
(b) regarding the person denying control and the person's affiliates:
- (i) the number and percentage of the subject's shares of voting securities that are held of record or known to be beneficially owned;
- (ii) the number of the subject's shares held of record or beneficially owned in which there is a right to acquire, directly or indirectly; and
- (iii) information regarding all transactions in any voting securities of the subject effected by the person denying control or the person's affiliates during the past six months.
- (c) all material relationships and bases for affiliation between the subject and the person denying control and the person's affiliates; and
- (d) a statement explaining why the person denying control does not control the subject.
- (2) A request for termination of registration shall be granted unless the commissioner notifies the registrant that the request is denied within 30 days after receipt of the request.
KEY: insurance law
Date of Last Change: October 25, 2021
Notice of Continuation: January 5, 2022
Authorizing, and Implemented or Interpreted Law: 31A-2-201