fair and open competitive opportunity

(5) Definitions .— For purposes of this section— (A) the term “United States insurance company”— (i) includes an individual, partnership, corporation, holding company, or other legal entity which is authorized (or in the case of a holding company, subsidiaries of which are authorized) by a State to engage in the business of issuing insurance contracts or reinsuring the risk underwritten by insurance companies; and (ii) includes foreign operations, branches, agencies, subsidiaries, affiliates, or joint ventures of any entity described in clause (i); and (B) the term “fair and open competitive opportunity” means, with respect to the provision of insurance by a United States insurance company, that the company— (i) has received notice of the opportunity to provide such insurance; and (ii) has been evaluated for such opportunity on a nondiscriminatory basis.


12 USC § 635(d)(5)

Scoping language

For purposes of this section
Is this correct? or