760 IAC 1-12-1 Authority to promulgate rule; purpose of rule

Sec. 1. Authority and Purpose. This regulation [ 760 IAC 1-12] is promulgated pursuant to the authority vested in the Indiana Insurance Commissioner by Section 8 [ IC 27-2-10-8] of the Acts of 1965, Chapter 5 entitled "An Act Concerning Securities of Indiana Companies," (Section 39-3734, Burns Indiana Statutes Annotated) and in Section 14 [ IC 27-1-3-7] of the Acts of 1935, Chapter 162 (Section 39-3311 [ IC 27-1-3-7], Burns Indiana Statutes Annotated). This regulation [ 760 IAC 1-12] concerns the definition of "Equity Securities" and the requirements for filing information regarding the holding and transfer of such securities by officers, directors and certain other stockholders as defined in the Act [ IC 27-2-10] of 1965.