As used in this chapter, the term:

1. I. "Assets" includes all the property and rights of every kind of a domestic insurance company, or association.
2. II. "Total assets" means the dollar amount of the company's total assets as reported in its most recent convention statement.
3. III. "Disposal" includes any sale, transfer, exchange, assignment, alienation or other conveyance of an interest in assets, but does not include a ceding of policies pursuant to a reinsurance contract.

Source. 1969, 293:1, eff. June 30, 1969.