12 C.F.R. § 925.16 Financial condition requirement for insurance company applicants.
Title 12 - Banks and Banking
An insurance company applicant shall be deemed to meet the financial condition requirement of section 4(a)(2)(B) of the Act (12 U.S.C. 1424(a)(2)(B)) and §925.6(a)(4) of this part, if, based on the information contained in the applicant's most recent regulatory financial report filed with its appropriate regulator, the applicant meets all of its minimum statutory and regulatory capital requirements and the capital standards established by the National Association of Insurance Commissioners. [61 FR 42545, Aug. 16, 1996, as amended at 63 FR 40023, July 27, 1998; 65 FR 8261, Feb. 18, 2000; 67 FR 12849, Mar. 20, 2002; 70 FR 9510, Feb. 28, 2005]
Title 12: Banks and Banking
PART 925—MEMBERS OF THE BANKS
Subpart C—Eligibility Requirements
§ 925.16 Financial condition requirement for insurance company applicants.
