Current through November 7, 2024
Section 230-RICR-20-45-11.3 - DefinitionsA. For the purpose of this Regulation the following definitions shall apply: 1. "Department" shall mean the Department of Business Regulation, Insurance Division.2. "Insurance group." For the purpose of this Act, the term "insurance group" shall mean those insurers and affiliates included within an insurance holding company system as defined in R.I. Gen. Laws §§27-35.3. "Insurer." The term "insurer" shall have the same meaning as set forth in R.I. Gen. Laws § 27-54.1-1(5), except that it shall not include agencies, authorities or instrumentalities of the United States, its possessions and territories, the Commonwealth of Puerto Rico, the District of Columbia, or a state or political subdivision of a state.4. "Senior Management." The term "senior management" shall mean any corporate officer responsible for reporting information to the board of directors at regular intervals or providing this information to shareholders or regulators and shall include, for example and without limitation, the Chief Executive Officer ("CEO"), Chief Financial Officer ("CFO"), Chief Operations Officer ("COO"), Chief Procurement Officer ("CPO"), Chief Legal Officer ("CLO"), Chief Information Officer ("CIO"), Chief Technology Officer ("CTO"), Chief Revenue Officer ("CRO"), Chief Visionary Officer ("CVO"), or any other "C" level executive.230 R.I. Code R. 230-RICR-20-45-11.3