Ala. Admin. Code r. 482-1-166-.03

Current through Register Vol. 42, No. 10, July 31, 2024

Section 482-1-166-.03 - Definitions

The following definitions shall apply for purposes of this chapter:

(a) CGAD. The Corporate Governance Annual Disclosure.

(b) COMMISSIONER. The Alabama Commissioner of Insurance.

(c) INSURANCE GROUP. Those insurers and affiliates included within an insurance holding company system as defined in Chapter 29 of the Alabama Insurance Code, beginning with Section 27-29-1, Code of Ala. 1975. (d) INSURER. As defined in Section 27-29B-2.

(e) NAIC. The National Association of Insurance Commissioners.

(f) SENIOR MANAGEMENT. Any corporate officer responsible for reporting information to the board of directors at regular intervals or providing this information to shareholders or regulators and shall include, for example and without limitation, the Chief Executive Officer ("CEO"), Chief Financial Officer ("CFO"), Chief Operations Officer ("COO"), Chief Procurement Officer ("CPO"), Chief Legal Officer ("CLO"), Chief Information Officer ("CIO"), Chief Technology Officer ("CTO"), Chief Revenue Officer ("CRO"), Chief Visionary Officer ("CVO"), or any other "C" level executive.

Ala. Admin. Code r. 482-1-166-.03

Adopted by Alabama Administrative Monthly Volume XXXVIII, Issue No. 08, May 29, 2020, eff. 5/16/2020.

Amended by Alabama Administrative Monthly Volume XXXIX, Issue No. 03, December 31, 2020, eff. 1/1/2021.

Author: Commissioner of Insurance

Statutory Authority:Code of Ala. 1975, §§ 27-2-17, 27-29B-4.