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2013 New York Consolidated Laws
ISC - Insurance
Article 75 - (7501 - 7507) LIFE INSURANCE GUARANTY FUND
7502 - Definitions.


NY Ins L § 7502 (2012) What's This?
 
    § 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.

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