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Can you summarize 044-0002-45 WYAR?
General Agency, Board or Commission Rules > Holding Company System
Short Summary
The provided legal document content covers various aspects related to insurance holding company systems and the regulation of insurers. It includes regulations for the filing of registration statements for affiliated insurers, acquisition of control of or merger with a domestic insurer, annual registration statements, and enterprise risk reports. The regulations are promulgated under the authority granted by the Wyoming Insurance Code. The purpose of these regulations is to set forth rules and procedural requirements necessary for the implementation of the Insurance Holding Company System Regulatory Act. The regulations specify the requirements for the preparation and filing of statements, including the use of specific forms (Forms A, B, C, D, and F) as guides. The statements should be filed with the Commissioner and should contain the necessary information and exhibits. The regulations also allow for incorporation by reference, summaries, and omissions in legal documents related to the Wyoming Administrative Rules for the Insurance Department’s General Agency, Board, or Commission Rules for Holding Company Systems. Additionally, the regulations provide definitions for terms used in the documents and specify the additional material information that may be required in the statements. The documents also outline the requirements for disclaimers of affiliation, termination of registration, and notice of proposed transactions. Overall, these documents establish the regulatory framework for insurance holding company systems and ensure transparency and accountability in the acquisition of control over domestic insurers.
Whom does it apply to?
Insurers, affiliated insurers, individuals or entities seeking to acquire control over a domestic insurer
What does it govern?
Filing of registration statements for affiliated insurers in an insurance holding company system, acquisition of control of or merger with a domestic insurer, annual registration statements, and enterprise risk reports
What are exemptions?
No specific exemptions are mentioned.
What are the Penalties?
No specific penalties for non-compliance are mentioned.
Jurisdiction
Wyoming