Section 7502 - DefinitionsIn this article:
(a) "Board" means the board of directors of The Life Insurance Guaranty Corporation.(b) "Assessment" means a payment made by a company into the guaranty fund.(c) "Contributor" means a company paying an assessment.(d) "Corporation" means "The Life Insurance Guaranty Corporation."(e) "Fund" means the guaranty fund provided by this article.(f) "Member company" means any domestic life insurance company having a representative serving as a director upon the board of directors of the corporation.(g) "Policies" means insurance policies; "contracts" means annuity contracts; both terms include policies or contracts of reinsurance issued by a member company.