Sec 20-481.23. Violations  


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  • The following acts or omissions shall be deemed to be violations of this article:

    1. The intentional failure to file or make any statement, amendment or other material required to be filed pursuant to sections 20-481.02, 20-481.03, 20-481.04 and 20-481.05.

    2. The effectuation or any attempt to effectuate an acquisition of control of, divestiture of or merger with a domestic insurer that is subject to section 20-481.02 without the required approval of the director pursuant to section 20-481.07.

    3. The intentional failure to file a registration statement or any amendment thereto required by this article within the time specified for such filing.

    4. The payment of a dividend in violation of section 20-481.19.