§ 48.31B.010. Insurer ceases to control subsidiary -- Disposal of investment
If an insurer ceases to control a subsidiary, it shall dispose of any investment in the subsidiary within three years from the time of the cessation of control or within such further time as the commissioner may prescribe, unless at any time after the investment has been made, the investment meets the requirements for investment under any other section of this Title, and the insurer has notified the commissioner thereof.
[1993 c 462 § 3.]
Sections: Previous 48.31B.005 48.31B.010 48.31B.015 48.31B.020 48.31B.025 48.31B.030 48.31B.035 48.31B.040 48.31B.045 48.31B.050 48.31B.055 48.31B.060 48.31B.065 48.31B.070 48.31B.900 NextLast modified: April 7, 2009