North Carolina Administrative Code
Title 11 - INSURANCE
Chapter 11 - FINANCIAL EVALUATION DIVISION
Subchapter B - SPECIAL PROGRAMS
Section .0200 - INSURANCE HOLDING COMPANY SYSTEMS
Section 11B .0215 - DEFINITIONS
Universal Citation: 11 NC Admin Code 11B .0215
Current through Register Vol. 39, No. 6, September 16, 2024
(a) Unless the context otherwise clearly requires, the definitions in G.S. 58-19-5 are incorporated into this Section by reference. Other nomenclature or terminology is according to industry usage if not defined in this Section or in G.S. 58.
(b) As used in this Section:
(1) "Act" means the Insurance Holding Company
System Regulatory Act, Article 19 of G.S. 58.
(2) "Executive officer" means chief executive
officer, chief operating officer, chief financial officer, treasurer,
secretary, controller, or any other individual performing functions
corresponding to those performed by these officers under whatever
title.
(3) "Foreign insurer"
includes an alien insurer except where clearly noted otherwise.
(4) "Ultimate controlling person" means a
person that is not controlled by any other person.
Authority
G.S.
58-2-40;
Eff. April 1,
1993;
Pursuant to
G.S.
150B-21.3A, rule is necessary without
substantive public interest Eff. December 20,
2015.
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