S.D. Admin. R. 20:06:09:34

Current through Register Vol. 51, page 67, December 16, 2024

Section 20:06:09:34 - Information on ultimate controlling person

The following information on the ultimate controlling person in the insurance holding company system must be filed with Form B:

(1) If the ultimate controlling person is a corporation, an organization, a limited liability company, or other legal entity, furnish the following information for the directors and executive officers of the ultimate controlling person: the individuals name and address, his or her principal occupation and all offices and positions held during the past 5 years, and any conviction of crimes other than minor traffic violations. If the ultimate controlling person is an individual, furnish the individuals name and address, his or her principal occupation and all offices and positions held during the past 5 years, and any convictions of crimes other than minor traffic violations;

(2) For the ultimate controlling person in the holding company system, the following information must be furnished:

(a) The name, home office address, and principal executive office address;

(b) The organizational structure of the person, such as corporation, partnership, individual, trust, or other legal entity;

(c) The principal business of the person;

(d) The name and address of any person who holds or owns 10 percent or more of any class of voting security, the class of the security, the number of shares held of record or known to be beneficially owned, and the percentage of the class so held or owned; and

(e) If court proceedings involving a reorganization or liquidation are pending, the title and location of the court, the nature of the proceedings, and the date the proceeding began.

S.D. Admin. R. 20:06:09:34

20 SDR 36, effective 9/19/1993.

42 SDR 83, effective 12/3/2015

General Authority: SDCL 58-5A-70.

Law Implemented: SDCL 58-5A-21, 58-5A-70.