14 Va. Admin. Code § 5-260-30

Current through Register Vol. 40, No. 22, June 17, 2024
Section 14VAC5-260-30 - Definitions

The following words and terms when used in this chapter shall have the following meanings unless the context clearly indicates otherwise:

"Commission" means the State Corporation Commission.

"Commissioner" means the Commissioner of Insurance of Virginia.

"Executive officer" means chief executive officer, chief operating officer, chief financial officer, president, vice president, treasurer, secretary, controller, and any other individual performing functions corresponding to those performed by the foregoing officers under whatever title.

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

"NAIC" means National Association of Insurance Commissioners.

"The Act" means Articles 5 and 6 of Chapter 13 (§ 38.2-1322 et seq. and § 38.2-1335 et seq.) of Title 38.2 of the Code of Virginia.

Other terms found in this chapter are used as defined in § 38.2-1322 of the Code of Virginia, or industry usage if not defined by the Code of Virginia.

14 Va. Admin. Code § 5-260-30

Derived from Regulation 14, Case No. 20159, §3, eff. January 1, 1980; amended, Case No. INS940114, Virginia Register Volume 11, Issue 7, eff. January 1, 1995; Volume 23, Issue 2, eff. October 2, 2006; Amended, Virginia Register Volume 39, Issue 5, eff. 11/1/2022.

Statutory Authority: §§ 12.1-13 and 38.2-223 of the Code of Virginia.