Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
031 - BUREAU OF INSURANCE
Chapter 180 - INSURANCE HOLDING COMPANY SYSTEM MODEL RULE WITH REPORTING FORMS AND INSTRUCTIONS
Section 031-180-8 - Definitions

Universal Citation: 02 ME Code Rules ยง 031-180-8

Current through 2024-38, September 18, 2024

A. "Executive officer" means chief executive officer, chief operating officer, chief financial officer, treasurer, secretary, controller, any other individual charged with active management and control in an executive capacity, and any other individual performing functions corresponding to those performed by the foregoing officers under whatever title.

B. "Ultimate controlling person" means that person who is not controlled by any other person.

C. Unless the context otherwise requires, other terms defined in Subsection 2 of the Act are used as defined therein. Other terminology shall be defined according to the Insurance Code, or industry usage if not defined by the Code.

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