(1) Any
authorized insurer may file a registration statement on behalf of any
affiliated insurer or insurers which are required to register under 33-2-1111,
MCA. A registration statement may include information not, required by 33-2-1111,
MCA, 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 it is required 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) above.
(4) Any
insurer may take advantage of the provisions of 33-2-1111(8) and
(9) , MCA, without obtaining the prior approval of the commissioner. The
commissioner, however, may require individual filings if he deems such filings
necessary in the interest of clarity and ease of administration or for the
public benefit.