20-481.10 - Arizona Statutes

20-481.10. Form and content of registration statement; disclosure of information A. Every insurer subject to registration shall file a registration statement on a form provided by the director, which shall contain current information concerning: 1. The capital structure, general financial condition, ownership and management of the insurer and the identity of any person controlling the insurer. 2. The identity of every member of the insurance holding company system which directly or indirectly controls the insurer. 3. The following agreements in force, relationships subsisting and transactions currently outstanding between such insurer and its affiliates: (a) Loans, other investments or purchases, sales or exchanges of securities of the affiliates by the insurer or of the insurer by its affiliates. (b) Purchases, sales or exchanges of assets. (c) Transactions not in the ordinary course of business. (d) Guarantees or undertakings for the benefit of any affiliate which result in an actual contingent exposure of the insurer's assets to liability, other than insurance contracts entered into in the ordinary course of the insurer's business. (e) All management and service contracts and all cost sharing arrangements, other than cost allocation arrangements based upon generally accepted accounting principles. (f) Reinsurance agreements. (g) Dividends and other distributions to shareholders. (h) Consolidated tax allocation agreements. 4. A pledge of the insurer's stock, including stock of any subsidiary or controlling affiliate, for a loan made to a member of the insurance holding company system. 5. Other matters concerning transactions between registered insurers and any affiliates as may be included from time to time in any registration forms adopted or approved by the director. B. All registration statements shall contain a summary outlining all items in the current registration statement representing changes from the prior registration statement. C. A person within an insurance holding company system subject to registration shall provide complete and accurate information to an insurer if this information is reasonably necessary to enable the insurer to comply with the provisions of this article.