Compilation of Rules and Regulations of the State of Georgia
Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER
Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE
Subject 120-2-23 - INSURANCE HOLDING COMPANY REGULATIONS
Rule 120-2-23-.07 - Definitions
Universal Citation: GA Rules and Regs r 120-2-23-.07
Current through Rules and Regulations filed through March 20, 2024
(1) As used in this Regulation, the term:
(a) "Executive officer"
means 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.
(b) "Ultimate
controlling person" means that person which is not controlled by any other
person.
(2) Unless the context otherwise requires, other terms found in this Regulation and in O.C.G.A. Section 33-13-1are used as defined in O.C.G.A. Section 33-13-1. Other nomenclature or terminology is according to the Georgia Insurance Code, or industry usage if not defined by the Georgia Insurance Code.
O.C.G.A. Secs. 33-2-9, 33-13-9.
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