HARRY HUGHES, Governor

3689

(v) All management [and] AGREEMENTS, service
contracts, and [all] cost-sharing arrangements[, other than cost
allocation arrangements based upon generally accepted accounting
principles]; [and]

(vi) [Reinsurance] ALL REINSURANCE agreements
[covering substantially one or more lines of insurance of the
ceding company.];

(VII)  ALL DIVIDENDS AND OTHER DISTRIBUTIONS TO
SHAREHOLDERS; AND

(VIII)  ALL CONSOLIDATED TAX ALLOCATION
AGREEMENTS;

[(3) Other material matters as may be included in
registration forms adopted by the Commissioner.]

(4)  ANY PLEDGE OF THE INSURER'S STOCK, INCLUDING
STOCK OF ANY SUBSIDIARY OR CONTROLLING AFFILIATE, FOR A LOAN MADE
TO ANY MEMBER OF THE INSURANCE HOLDING COMPANY SYSTEM; AND

(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
COMMISSIONER.

(c) [Each registered insurer shall keep current the
information required to be disclosed in its registration
statement by reporting all material changes or additions within
twenty days after it learns or in the exercise of due diligence
should have learned of such change or addition on forms provided
by the Commissioner.] ALL REGISTRATION STATEMENTS SHALL CONTAIN A
SUMMARY OUTLINING ALL ITEMS IN THE CURRENT REGISTRATION STATEMENT
REPRESENTING CHANGES FROM THE PRIOR REGISTRATION STATEMENT.

(D)  SUBJECT TO § 497(B) OF THIS ARTICLE, EACH REGISTERED
INSURER SHALL REPORT TO THE COMMISSIONER ALL DIVIDENDS AND OTHER
DISTRIBUTIONS TO SHAREHOLDERS WITHIN 15 BUSINESS DAYS FOLLOWING
THE DECLARATION THEREOF.

(E)  ANY PERSON WITHIN AN INSURANCE HOLDING COMPANY SYSTEM
SUBJECT TO REGISTRATION SHALL BE REQUIRED TO PROVIDE COMPLETE AND
ACCURATE INFORMATION TO AN INSURER, WHERE SUCH INFORMATION IS
REASONABLY NECESSARY TO ENABLE THE INSURER TO COMPLY WITH THE
PROVISIONS OF THIS SUBTITLE.

[(d)] (F) The Commissioner shall terminate the registration
of any insurer which demonstrates that it no longer is a member
of an insurance holding company system.

[(e)] (G) The Commissioner may allow or require two or more
affiliated insurers subject to registration hereunder to file A
consolidated [reports amending their respective statements]
STATEMENT.