§ 25.21. Transactions subject to prior notice—notice filing.

 (a)  An insurer required to give notice of a proposed transaction under section 1405(a)(2) of the act (40 P. S. §  991.1405(a)(2)) shall furnish the required information on Form D located in Appendix A as prescribed by this chapter.

 (b)  The insurer shall file an amendment to Form B reporting changes in the information furnished on Form D, including a change in the effective date of the transaction, within 15 days after the end of a month in which the transaction is effectuated.

 (c)  An insurer may not enter into a proposed transaction if a material change occurs in the information furnished on Form D unless the insurer has filed an amended Form D with the Department at least 30 days prior to entering into the transaction, or a shorter period the Department may permit, and the Department has not disapproved the amended transaction within that time period.

   The provisions of this §  25.21 issued under The Insurance Company Law of 1921 (40 P. S. § §  991.1401—991.1413); amended under section 337.8 of The Insurance Company Law of 1921 (40 P. S. §  459.8).

   The provisions of this §  25.21 adopted September 3, 1993, effective September 4, 1993, 23 Pa.B. 4216; amended August 10, 2001, effective August 11, 2001, 31 Pa.B. 4406. Immediately preceding text appears at serial page (245452).

   This section cited in 31 Pa. Code §  25.17 (relating to annual registration of insurers—statement of policy).