Current through Register Vol. 23, December 6, 2024
Rule 6.10.702 - DEFINITIONSFor purposes of this subchapter:
(1) "Approaching zero" means the fund balance is under $1,000,000.(2) "Claimant" means a claimant as defined under 30-10-1003(1), MCA.(3) "Commissioner" means the Commissioner of Securities and Insurance, Montana State Auditor.(4) "Committee" means the committee defined in ARM 6.10.705.(5) "Department" means the department as defined in 30-10-1003(2), MCA.(6) "Eligible persons" means persons eligible for restitution assistance under 30-10-1005, MCA.(7) "Fund" means the fund as defined in 30-10-1003(4), MCA.(8) "Investment scheme" means the underlying plan constituting the basis of a final order in a legal action initiated by the commissioner.(9) "Loss ratio" means the ratio consisting of the victim's total investment loss over the victim's total net worth.(10) "Total net loss" means a person's total loss in an investment scheme.(11) "Total net worth" means the difference between the total value of a person's assets and a person's liabilities.(12) "Victim" means a victim as defined under 30-10-1003(6), MCA.NEW, 2012 MAR p. 1140, Eff. 6/8/12.30-10-1008, MCA; IMP, 30-10-1008, MCA;