31A-8-217. Material transactions by insurers which are part of holding company system.
(1) This section applies to an insurer licensed under this chapter that is part of a holding company system, for purposes of: the reporting requirements of Section; and 31A-16-105 the material transaction standards of Section. 31A-16-106
(2) Unless otherwise provided by rule, a transaction is not material under Subsectionif the transaction involves an amount: 31A-16-105(4) of not more than: 10% for each transaction; or 20% for cumulative transactions during any one calendar year; and calculated: on the basis of the organization's surplus requirement, determined in accordance with Section; and 31A-5-211 as of December 31 of the year immediately preceding the transaction.