Alabama Administrative Code
Title 482 - ALABAMA DEPARTMENT OF INSURANCE
Chapter 482-1-055 - INSURANCE HOLDING COMPANY SYSTEM REGULATION WITH REPORTING FORMS AND INSTRUCTIONS
Section 482-1-055-.08 - Definitions

Universal Citation: AL Admin Code R 482-1-055-.08

Current through Register Vol. 43, No. 02, November 27, 2024

The following definitions shall apply for purposes of this chapter:

(1) EXECUTIVE OFFICER. Chief executive officer, chief operating officer, chief financial officer, treasurer, secretary, controller, and any other individual performing functions corresponding to those performed by the foregoing officers under whatever title.

(2) ULTIMATE CONTROLLING PERSON. That person which is not controlled by any other person.

(3) Unless the context otherwise requires, other terms found in these regulations and in Section 27-29-1 are used as defined in the Act. Other nomenclature or terminology is according to the Insurance Code, or industry usage if not defined by the Code.

Author: Commissioner of Insurance

Statutory Authority: Code of Ala. 1975, §§ 27-2-17, 27-29-8.

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