Minnesota Administrative Rules

2720.1600 ACQUISITION FILING STATEMENT.

Subpart 1.

Statement required.

A person required to file a statement under Minnesota Statutes, section 60D.17, must furnish the information required by these rules, specifically including the information on form A, part 2720.9910.

Subp. 2.

Amendments.

The applicant must, within two business days of the change, advise the commissioner of any changes in the information furnished which occur after the date the information was furnished but before the commissioner's disposition of the application.

Subp. 3.

Acquisition of other insurers.

If the person being acquired is deemed to be a "domestic insurer" solely because of Minnesota Statutes, section 60D.18, the name of the "domestic insurer" on the cover page should be indicated as follows: "ABC Insurance Company, a subsidiary of XYZ Holding Company"; and all references to "the insurer" contained in form A, part 2720.9910, shall refer to both the domestic subsidiary insurer and the person being acquired.

Statutory Authority:

MS s 45.023; 60D.07; 60D.23

History:

17 SR 1272

Published Electronically:

January 5, 2000