Virginia Code 38.2-1334.11: Definitions
As used in this article, unless the context requires a different meaning:
Terms Used In Virginia Code 38.2-1334.11
- Company: means any association, aggregate of individuals, business, corporation, individual, joint-stock company, Lloyds type of organization, organization, partnership, receiver, reciprocal or interinsurance exchange, trustee or society. See Virginia Code 38.2-100
- Insurance company: means any company engaged in the business of making contracts of insurance. See Virginia Code 38.2-100
- Insurance group: means those insurers and affiliates included within an insurance holding company system as defined in § 38. See Virginia Code 38.2-1334.11
- Insurer: means an insurance company as defined in § 38. See Virginia Code 38.2-1334.11
- State: means any commonwealth, state, territory, district or insular possession of the United States. See Virginia Code 38.2-100
- United States: includes the 50 states, the District of Columbia the Commonwealth of Puerto Rico, Guam, the Northern Mariana Islands and the United States Virgin Islands. See Virginia Code 1-255
“Commissioner” means the chief insurance regulatory official of a state, however designated.
“Corporate Governance Annual Disclosure” or “CGAD” means a confidential report filed by the insurer or insurance group made in accordance with the requirements of this article.
“Insurance group” means those insurers and affiliates included within an insurance holding company system as defined in § 38.2-1322.
“Insurer” means an insurance company as defined in § 38.2-100, except that “insurer” shall 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.
“NAIC” means the National Association of Insurance Commissioners.
2017, c. 643.