83-6-17 - Disclaimer of affiliation; effect of filing; disallowance.
§ 83-6-17. Disclaimer of affiliation; effect of filing; disallowance.
Any person may file with the commissioner a disclaimer of affiliation with any authorized insurer or such a disclaimer may be filed by such insurer or any member of an insurance holding company system. The disclaimer shall fully disclose all material relationships and bases for affiliation between such person and such insurer as well as the basis for disclaiming such affiliation. After a disclaimer has been filed, the insurer is relieved of any duty to register or report under Sections 83-6-3 through 83-6-19 which may arise out of the insurer's relationship with such person unless and until the commissioner disallows such a disclaimer. The commissioner may disallow such a disclaimer only after furnishing all parties in interest with notice and opportunity to be heard and after making specific findings of fact to support such disallowance.
Sources: Laws, 1974, ch. 366, § 2(9), eff from and after July 1, 1974.