Legislation
SECTION 1708
Information reports
Insurance (ISC) CHAPTER 28, ARTICLE 17
§ 1708. Information reports. Every parent corporation that has
acquired one or more subsidiaries shall (except to the extent exempted
by section one thousand seven hundred four of this article) file an
information report on or before May first of each year or on or before
such other date as the superintendent may permit. The information
report shall provide (i) a description of the activities of the
subsidiary, (ii) a description of all material transactions between the
subsidiary and such parent corporation and affiliates of such
subsidiary, and (iii) such other information as the superintendent may
by regulation prescribe.
acquired one or more subsidiaries shall (except to the extent exempted
by section one thousand seven hundred four of this article) file an
information report on or before May first of each year or on or before
such other date as the superintendent may permit. The information
report shall provide (i) a description of the activities of the
subsidiary, (ii) a description of all material transactions between the
subsidiary and such parent corporation and affiliates of such
subsidiary, and (iii) such other information as the superintendent may
by regulation prescribe.