SCS HCS HB 50, 2015 (Amended Section - as Truly Agreed)
382.170. Any person may file with the director a disclaimer
of affiliation with any authorized insurer or the disclaimer
may be filed by the insurer or any member of an insurance holding
company system. The disclaimer shall fully disclose all material
relationships and bases for affiliation between such person and
such insurer as well as the basis for disclaiming such affiliation.
[After a disclaimer has been filed, the insurer shall
be relieved of any duty to register or report under section 382.110
which may arise out of the insurer's relationship with such person
unless and until the director disallows the disclaimer. The
director shall disallow the disclaimer only after furnishing
all parties in interest with notice and opportunity to be heard
and after making specific findings of fact to support the disallowance.]
A disclaimer of affiliation shall be deemed to have been granted
unless the director, within thirty days following receipt of
a complete disclaimer, notifies the filing party that the disclaimer
is disallowed. In the event of disallowance, the disclaiming
party may request an administrative hearing, which shall be granted.
The disclaiming party shall be relieved of its duty to register
under this section if approval of the disclaimer has been granted
by the director or if the disclaimer is deemed to have been approved.