For purposes of this subchapter:

1. (1) "Approaching zero" means the fund balance is under $1,000,000.
2. (2) "Claimant" means a claimant as defined under 30-10-1003(1), MCA.
3. (3) "Commissioner" means the Commissioner of Securities and Insurance, Montana State Auditor.
4. (4) "Committee" means the committee defined in ARM 6.10.705.
5. (5) "Department" means the department as defined in 30-10-1003(2), MCA.
6. (6) "Eligible persons" means persons eligible for restitution assistance under 30-10-1005, MCA.
7. (7) "Fund" means the fund as defined in 30-10-1003(4), MCA.
8. (8) "Investment scheme" means the underlying plan constituting the basis of a final order in a legal action initiated by the commissioner.
9. (9) "Loss ratio" means the ratio consisting of the victim's total investment loss over the victim's total net worth.
10. (10) "Total net loss" means a person's total loss in an investment scheme.
11. (11) "Total net worth" means the difference between the total value of a person's assets and a person's liabilities.
12. (12) "Victim" means a victim as defined under 30-10-1003(6), MCA.

Authorizing statute(s): 30-10-1008, MCA

Implementing statute(s): 30-10-1008, MCA

History: NEW, 2012 MAR p. 1140, Eff. 6/8/12.