Utah Admin. Code R590-68-5 - Filing Statements
(1) The following
statements shall be used by an insurer when complying with this rule:
(a) Form A, Initial Statement of Beneficial
Ownership of Equity Securities; and
(b) Form B, Statement of Changes in
Beneficial Ownership of Securities.
(2) The forms listed in Subsection (1) are
available on the department's website, https://insurance.utah.gov.
(3) An initial statement of beneficial
ownership of an equity security under Section
31A-5-303 shall be filed on Form
A.
(4) A statement regarding a
change in beneficial ownership of equity securities shall be filed on Form B.
(a) A director or officer required to file a
statement on Form B regarding a change in beneficial ownership of equity
securities that occurs within six months after the director or officer became a
director or officer of the insurer, or within six months after equity
securities of the insurer are registered under Subsection
31A-5-303(1),
shall include the information that caused the filing of the
statement.
(b) A person who ceased
to be a director or officer of an insurer with equity securities registered
under Subsection
31A-5-303(1)
shall file a statement on Form B regarding:
(i) a change in the person's beneficial
ownership of equity securities of the insurer that occur on or after the date
that the person ceased to be a director or officer; or
(ii) the date that the insurer ceased to have
an equity security registered, if the change occurs within six months after any
change in the beneficial ownership of the securities before that
date.
(c) The statement
on Form B shall be filed within 10 days after the end of the month in which the
reported change in beneficial ownership occurs.
Notes
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