N.D. Admin Code 45-03-25-03 - Definitions

1. "Board" means an insurer's or insurance group's board of directors.

2. "Commissioner" means the North Dakota insurance commissioner.

3. "Insurance group" for the purpose of this chapter means those insurers and affiliates included within an insurance holding company system as defined in North Dakota Century Code section 26.1-10-01.

4. "Insurer" has the same meaning as set forth in North Dakota Century Code section 26.1-29-02, except that it does not include agencies, authorities or instrumentalities of the United States, its possessions and territories, the Commonwealth of Puerto Rico, the District of Columbia, or a state or political subdivision of a state.

5. "Senior management" means any corporate officer responsible for reporting information to the board of directors at regular intervals or providing this information to shareholders or regulators and includes the chief executive officer, chief financial officer, chief operations officer, chief procurement officer, chief legal officer, chief information officer, chief technology officer, chief revenue officer, chief visionary officer, or any other "C" level executive.

Notes

N.D. Admin Code 45-03-25-03

Adopted by Administrative Rules Supplement 374, October 2019, effective 10/1/2019.

General Authority: NDCC 26.1-10.3

Law Implemented: NDCC 26.1-10.3