Section 45-03-05-12.1 - Acquisition of subdivision d of subsection 1 of North Dakota Century Code section 26.1-10-03 insurers1. If the person being acquired is deemed to be a "domestic insurer" solely because of the provisions of subdivision d of subsection 1 of North Dakota Century Code section 26.1-10-03, the name of the domestic insurer on the cover page must be indicated as follows: "ABC Insurance Company, a subsidiary of XYZ Holding Company".
2. If subdivision d of subsection 1 of North Dakota Century Code section 26.1-10-03 insurer is being acquired, references to "the insurer" contained in Form A must refer to both the domestic subsidiary insurer and the person being acquired.N.D. Admin Code 45-03-05-12.1
Effective January 1, 1992.Amended by Administrative Rules Supplement 2016-359, January 2016, effective 1/1/2016.General Authority: NDCC 28-32
Law Implemented: NDCC 26.1-02-02, 26.1-06.1-01, 26.1-10-05