Ga. Comp. R. & Regs. R. 120-2-23-.15 - Alternative and Consolidated Registrations
(1) Any authorized insurer may file a
registration statement on behalf of any affiliated insurer or insurers which
are required to register under O.C.G.A. Section
33-13-4. A registration statement
may include information not required by Chapter 13 of Title 33 regarding any
insurer in the insurance holding company system even if such insurer is not
authorized to do business in this State. In lieu of filing a registration
statement on Form B, the authorized insurer may file a copy of the registration
statement or similar report which is required to file in its State of domicile,
provided:
(a) The statement or report contains
substantially similar information required to be furnished on Form B;
and
(b) The filing insurer is the
principal insurance company in the insurance holding company system.
(2) The question of whether the
filing insurer is the principal insurance company in the insurance holding
company system is a question of fact and an insurer filing a registration
statement or report in lieu of Form B on behalf of an affiliated insurer shall
set forth a brief statement of facts which will substantiate the filing
insurer's claim that it, in fact, is the principal insurer in the insurance
holding company system.
(3) With
the prior approval of the Commissioner, an unauthorized insurer may follow any
of the procedures which could be done by an authorized insurer under paragraph
(1) of this Rule.
(4) Any insurer
may take advantage of the provisions of subsection (h) or (i) of O.C.G.A.
Section 33-13-4without obtaining the prior
approval of the Commissioner. The Commissioner, however, reserves the right to
require individual filings if he deems such filings necessary in the interest
of clarity, ease of administration, or a public good.
Notes
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