Legislation
SECTION 7201
Definitions
Insurance (ISC) CHAPTER 28, ARTICLE 72
§ 7201. Definitions. In this article:
(a) "Domestication" means the reorganization pursuant to the
provisions of this article of the United States branch of an alien
insurer whereby a domestic or foreign insurer succeeds to all business
and assets and assumes all liabilities of such branch.
(b) "United States branch" means the business unit through which
business is transacted within the United States by an alien insurer and
the assets and liabilities of such insurer within the United States
pertaining to such business.
(c) "Domestic insurer" means a stock insurance company incorporated
under the laws of this state.
(d) "Foreign insurer" means a stock insurance company incorporated
under the laws of any other state.
(a) "Domestication" means the reorganization pursuant to the
provisions of this article of the United States branch of an alien
insurer whereby a domestic or foreign insurer succeeds to all business
and assets and assumes all liabilities of such branch.
(b) "United States branch" means the business unit through which
business is transacted within the United States by an alien insurer and
the assets and liabilities of such insurer within the United States
pertaining to such business.
(c) "Domestic insurer" means a stock insurance company incorporated
under the laws of this state.
(d) "Foreign insurer" means a stock insurance company incorporated
under the laws of any other state.