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Title 3 . Commerce, Community, and Economic Development
Chapter 21 . Miscellaneous
Section 195. Definitions

3 AAC 21.195. Definitions

(a) In 3 AAC 21.010 - 3 AAC 21.195, unless the context requires otherwise,

(1) "executive officer" means an individual charged with active management and control in an executive capacity (including a president, chief executive officer, chief operating officer, chief financial officer, vice president, treasurer, secretary, controller or other individual performing functions corresponding to those performed by these officers) of a person, whether incorporated or unincorporated;

(2) "foreign insurer" includes an alien insurer except where clearly noted otherwise;

(3) "ultimate controlling person" means a person who is not controlled by another person.

(b) Unless the context requires otherwise, terms not defined in (a) of this section that are found in 3 AAC 21.010 - 3 AAC 21.195 or in AS 21.22 are used as defined in AS 21.22.200 . Other terms are used as defined in AS 21 or in accordance with common industry usage if not defined in AS 21.

History: Eff. 6/30/77, Register 62; am 10/21/92, Register 124

Authority: AS 21.06.090

AS 21.22.130

Editor's note: Before 10/21/92, Register 124, the substance of 3 AAC 21.195 was contained in former 3 AAC 21.160. The history note for 3 AAC 21.195 includes the history of 3 AAC 21.160 before 10/21/92.

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Last modified 7/05/2006