Iowa Admin. Code r. 191-45.2

Current through Register Vol. 47, No. 13, December 25, 2024
Rule 191-45.2 - Definitions

In addition to the definitions in Iowa Code section 521A.1 and 191-1.1 (502,505), the following rules apply to this chapter, unless otherwise required by the context:

"Executive officer" means any individual charged with active management and control in an executive capacity (including a president, vice-president, treasurer, secretary, controller, and any other individual performing functions corresponding to those performed by the foregoing officers) of a person, whether incorporated or unincorporated.

"Foreign insurer" shall include an alien insurer except where clearly noted otherwise.

"Ultimate controlling person" means that person who is not controlled by any other person.

Iowa Admin. Code r. 191-45.2

Amended by IAB March 10, 2021/Volume XLIII, Number 19, effective 4/14/2021