14 .0704 - UPDATES AND AMENDMENTS TO FILINGS

14 .0704. UPDATES AND AMENDMENTS TO FILINGS

(a) Any risk retention group that has completed registration with the Commissioner shall notify the Commissioner in writing within 10 days of any changes in its operations that would cause the registration then on file to contain false, inaccurate, or misleading information, including the solicitation or writing of any liability insurance coverage in addition to that for which it has previously notified the Commissioner, so as to correct such false, inaccurate, or misleading information.

(b) Any purchasing group that has completed registration with the Commissioner shall notify the Commissioner in writing within 10 days of any changes in its operations that would cause the registration then on file to contain false, inaccurate, or misleading information, including the solicitation or purchasing of any liability insurance coverage in addition to that for which it has previously notified the Commissioner, so as to correct such false, inaccurate, or misleading information.

(c) Any risk retention group or purchasing group that has been notified of its completed registration by the Commissioner shall, on or before March 1 of each year, by sworn affidavit of the officer or party qualified and authorized to file an original registration or notice of intent to do business, certify to the Commissioner the continued accuracy of the information on file or amended by notice pursuant to Paragraphs (a) or (b) of this Rule and as to its continued intent to be registered and do business in North Carolina.

(Authority G.S. 58-2-40; 58-22-20; 58-22-40(c); Eff. April 1, 1990; Amended Eff. July 1, 2004.)

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