Legislation

§ 7502. Definitions. In this article:

(a) "Board" means the board of directors of The Life Insurance
Guaranty Corporation.

(b) "Assessment" means a payment made by a company into the guaranty
fund.

(c) "Contributor" means a company paying an assessment.

(d) "Corporation" means "The Life Insurance Guaranty Corporation."

(e) "Fund" means the guaranty fund provided by this article.

(f) "Member company" means any domestic life insurance company having
a representative serving as a director upon the board of directors of
the corporation.

(g) "Policies" means insurance policies; "contracts" means annuity
contracts; both terms include policies or contracts of reinsurance
issued by a member company.