§ 23-63-525 - Acquisitions involving insurers not otherwise covered -- Definitions.
23-63-525. Acquisitions involving insurers not otherwise covered -- Definitions.
The following definitions shall apply for the purposes of 23-63-525 -- 23-63-530 only:
(1) "Acquisition" means any agreement, arrangement, or activity the consummation of which results in a person acquiring directly or indirectly the control of another person, and includes, but is not limited to, the acquisition of voting securities, the acquisition of assets, bulk reinsurance, and mergers; and
(2) An "involved insurer" includes an insurer which either acquires or is acquired, is affiliated with an acquirer or acquired, or is the result of a merger.