Wis. Admin. Code Office of the Commissioner of Insurance Ins 53.02

Current through November 25, 2024

Section Ins 53.02 - Definitions

In addition to definitions contained in s. 610.80(1), Stats., the following definitions shall apply in this chapter:

(1) "Commissioner" means the Wisconsin insurance commissioner.

(2) "Insurance group" means those insurers and affiliates included within an insurance holding company system, as defined at s. 622.03(2), Stats.

(3) "Senior management" means 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, the chief executive officer (CEO), chief financial officer, chief operating officer, or any other "C" level executives.

Wis. Admin. Code Office of the Commissioner of Insurance Ins 53.02

Adopted by, CR 19-013: cr. Register April 2020 No. 772, eff. 5-1-20; correction in (2) made under s. 35.17, Stats., Register April 2020 No. 772, eff. 5/1/2020