Section 58-5A-46 - "Acquisition" and "Involved insurer" defined--Limited application.
58-5A-46. "Acquisition" and "Involved insurer" defined--Limited application. The following definitions shall only apply to §§ 58-5A-47 to 58-5A-53, inclusive:
(1) "Acquisition," any agreement, arrangement, or activity the consummation of which results in a person acquiring directly or indirectly the control of another person, and includes the acquisition of voting securities, assets, bulk reinsurance, and mergers; and
(2) "Involved insurer," an insurer which either acquires or is acquired, is affiliated with an acquirer or acquired or is the result of a merger.
Source: SL 1992, ch 341, § 8.