D.C. Mun. Regs. tit. 26, r. 26-A3762

Current through Register Vol. 71, No. 49, December 6, 2024
Rule 26-A3762 - ALTERNATIVE AND CONSOLIDATED REGISTRATIONS
3762.1

Any 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 Holding Company Act. A registration statement may include information not required by the Holding Company 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 provided:

(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.
3762.2

The 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.

3762.3

With 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 3753.1 above.

3762.4

Any insurer may take advantage of the provisions of subsection 6(h) or 6(i) of the Holding Company 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.

D.C. Mun. Regs. tit. 26, r. 26-A3762

Final Rulemaking published at 59 DCR 13088 (November 16, 2012)
Authority: Section 22 of the Captive Insurance Company Act of 2004, effective March 17, 2005 (D.C. Law 15-262; D.C. Official Code § 31-3931.21 (2011 Repl.)).