Code of Massachusetts Regulations
211 CMR - DIVISION OF INSURANCE
Title 211 CMR 7.00 - Massachusetts Insurance Holding Company System
Section 7.03 - Definitions

Enterprise Risk shall mean any activity, circumstance, event or series of events involving one or more affiliates of an insurer that, if not remedied promptly, is likely to have a material adverse effect upon the financial condition or liquidity of the insurer or its insurance holding company system as a whole, including, but not limited to, anything that would cause the insurer's Risk-based Capital to fall into company action level as set forth in 211 CMR 20.00: Risk-based Capital (RBC) for Insurers or would cause the insurer to be in hazardous financial condition as set forth in 211 CMR 150.00: Standards and Commissioner's Authority for Placing Companies Deemed to Be in Hazardous Financial Condition under Administrative Supervision.

Foreign Insurer shall include an alien insurer except where clearly noted otherwise.

Principal 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.

Ultimate Controlling Person means that person which is not controlled by any other person.

Unless the context otherwise requires, other terms found in 211 CMR 7.00 and M.G.L. c. 175, §§ 206 through 206D are used as defined in M.G.L. c. 175, § 206. Other nomenclature or terminology is according to M.G.L. c. 175, or industry usage if not defined by M.G.L. c. 175.