Rule 120-2-100-.03. Definitions

(1) "NAIC" means the National Association of Insurance Commissioners. (2) "Material Transaction" means a transaction or series of transactions involving amounts equal to or exceeding 5 percent of a limited purpose subsidiary's admitted assets less any letters of credit, guaranties of a parent, intangible assets and any other assets approved by the Commissioner pursuant to Section 120-2-100-.12(2). Cite as Ga. Comp. R. & Regs. R. 120-2-100-.03
Authority: O.C.G.A. §§ 33-2-9, 33-14-100et seq.
History. Original Rule entitled "Definitions" adopted. F. Nov. 8, 2011; eff. Nov. 28, 2011.