| | |
C.__A fraternal benefit society; |
|
| | | D.__A mandatory state pooling plan; |
|
| | | E.__A mutual assessment company or other person that | | operates on an assessment basis; |
|
| | | F.__An insurance exchange; |
|
| | | G.__An organization that has a certificate or license | | limited to the issuance of charitable gift annuities under | | this Title; or |
|
| | | H.__An entity similar to any of those listed in this | | subsection. |
|
| | | 13.__Moody's Corporate Bond Yield Average.__"Moody's Corporate | | Bond Yield Average" means the monthly average corporates as | | published by Moody's Investors Service, Inc., or any successor to | | that index. |
|
| | | 14.__Owner.__"Owner" with respect to a policy or contract and | | "policy owner" and "contract owner" mean the person who is | | identified as the legal owner under the terms of the policy or | | contract or who is otherwise vested with legal title to the | | policy or contract through a valid assignment completed in | | accordance with the terms of the policy or contract and properly | | recorded as the owner on the books of the insurer.__"Owner," | | "contract owner" and "policy owner" do not include persons with a | | mere beneficial interest in a policy or contract. |
|
| | | 15.__Person.__"Person" means an individual, corporation, | | limited liability company, partnership, association, governmental | | body or entity or voluntary organization. |
|
| | | 16.__Premiums.__ "Premiums" means amounts or considerations by | | whatever name called received on covered policies or contracts | | less returned premiums, considerations and deposits and less | | dividends and experience credits.__"Premiums" does not include | | amounts or considerations received for policies or contracts or | | for the portions of policies or contracts for which coverage is | | not provided under section 4603, except that assessable premiums | | may not be reduced on account of the provisions of section 4603 | | relating to interest limitations and relating to limitations with | | respect to one individual, one participant and one contract | | owner.__"Premiums" does not include: |
|
| | | A.__Premiums on an unallocated annuity contract; or |
|
|