Group-wide supervisor--Information for determination.

Checkout our iOS App for a better way to browser and research.

58-5A-80.4 . Group-wide supervisor--Information for determination.

The director, as provided in § 58-5A-37 , may collect any information necessary to determine if the director may act as the group-wide supervisor of an internationally active insurance group or if the director may acknowledge another regulatory official to act as the group-wide supervisor. Prior to issuing a determination that an internationally active insurance group is subject to group-wide supervision by the director, the director shall notify the insurer registered under this chapter and the ultimate controlling person within the internationally active insurance group. The internationally active insurance group shall have at least thirty days to provide the director with additional information pertinent to the pending determination. The director shall publish the identity of any internationally active insurance group that the director has determined is subject to group-wide supervision by the director on the division's website.

Source: SL 2020, ch 213, § 5.


Download our app to see the most-to-date content.