Ga. Comp. R. & Regs. 120-2-105-.03

Current through Rules and Regulations filed through June 17, 2024

Rule 120-2-105-.03 - Definitions

When used in this regulation, the term:

(a) "Commissioner" means the Insurance Commissioner of the State of Georgia.

(b) "Insurance group" means those insurers and affiliates included within an insurance holding company system as defined in paragraph (5) of Code Section 33-13-1.

(c) "Insurer" has the same meaning as set forth in Code Section 33-1-2, except that it 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.

(d) "Senior Management" means 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.

Ga. Comp. R. & Regs. R. 120-2-105-.03

O.C.G.A. §§ 33-2-9, 33-65-4.

Original Rule entitled "Definitions" adopted. F. Dec. 13, 2019; eff. Jan. 1, 2020, as specified by the Agency.