F. Subsidiary. "Subsidiary" of a specified person shall mean means an affiliate controlled by a that person, directly or indirectly, through one or more intermediaries.

Sec. 10. 24-A MRSA §222, sub-§2, ¶I is enacted to read:

I.__"Voting security" means any security with voting rights or any security convertible into or evidencing a right to acquire a security with voting rights.

Sec. 11. 24-A MRSA §222, sub-§8, ¶A, as enacted by PL 1975, c. 356, §1, is amended to read:

A. Every insurer which that is authorized to do business in this State and which that is a member of an insurance holding company system shall register with the superintendent, except that such these requirements shall do not apply to a foreign insurer domiciled in a jurisdiction which that in the opinion of the superintendent has adopted by statute or regulation disclosure statements and standards substantially similar to those contained in this chapter. Any An insurer domiciled in a jurisdiction that has not adopted by statute or regulation disclosure requirements and standards substantially similar to those contained in this section may be treated as a domestic insurer for purposes of this section. Each insurer which that is subject to registration under this subsection shall register within 60 days after the effective date of this section or 15 days after it becomes subject to registration, whichever is later and annually thereafter by May 1st, unless the superintendent, for good cause shown, extends the time for registration and then an insurer must file within such that extended time. Nothing in this section shall may be construed to prohibit the superintendent from requesting any authorized insurer which that is a member of a holding company system and not subject to registration under this section for a copy of the registration statement or other information filed by such insurer with the insurance regulatory authority of its state of domicile. Upon request of the insurer or of the insurance regulatory authority of another jurisdiction in which the insurer is authorized to transact insurance, the superintendent at the insurer's expense shall furnish a copy of the registration statement or other information filed by a domestic insurer with the superintendent pursuant to this chapter;