760 Ind. Admin. Code 1-81-1

Current through November 6, 2024

Section 760 IAC 1-81-1 - Definitions

Authority: IC 27-1-4.1-15

Affected: IC 27-1-4.1; IC 27-1-23.5-7

Sec. 1.

The definitions set forth in IC 27-1-4.1 and the following definitions apply throughout this rule:

(1) "Commissioner" means the commissioner of the department of insurance.

(2) "Corporate governance annual disclosure" or "CGAD" means a confidential report filed by an insurer or insurance group under IC 27-1-4.1.

(3) "NAIC" means the National Association of Insurance Commissioners.

(4) "ORSA summary report" has the meaning set forth in IC 27-1-23.5-7.

(5) "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 following:

(A) Chief executive officer.

(B) Chief financial officer.

(C) Chief operations officer.

(D) Chief procurement officer.

(E) Chief legal officer.

(F) Chief information officer.

(G) Chief technology officer.

(H) Chief revenue officer.

(I) Chief visionary officer.

(J) Any other "C" level executive.

760 IAC 1-81-1

Department of Insurance; 760 IAC 1-81-1; filed 9/17/2020, 10:32 a.m.: 20201014-IR-760190317FRA