6.6.3701    DEFINITIONS

For the purposes of this subchapter, the following terms shall have the following meanings:

(1) "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.

(2) "Foreign insurer" shall include an alien insurer, except where clearly noted otherwise.

(3) "Ultimate controlling person" means that person which is not controlled by any other person.

(4) Unless the context otherwise requires, other terms found in these rules are used as defined in 33-1-201, 33-1-202, and 33-1-1101, MCA. Other nomenclature or terminology is according to the Montana insurance code, or industry usage if not defined by the code.

History: Sec. 33-1-313 and 33-2-1517, MCA; IMP, Sec. 33-2-1517, MCA; NEW, 1993 MAR p. 2408, Eff. 10/15/93.