- (1) "Amortizable" means accorded that rating in Valuation of Securities.
- (2) "In good standing" means accorded that rating in Valuation of Securities.
- (3) "NAIC" means the National Association of Insurance Commissioners.
- (4) "Purchase money mortgage" means a mortgage or lien received as consideration, either in whole or in part, on the disposal of real estate that secures the mortgage or lien.
- (5) "Valuation of Securities" means the publication of the Securities Valuation Office of the NAIC.
Terms used in this rule are defined in Section 31A-1-301. Additional terms are defined as follows:
KEY: insurance companies, rules and procedures
Date of Last Change: January 10, 2022
Notice of Continuation: January 24, 2022
Authorizing, and Implemented or Interpreted Law: 31A-17-401