§ 4981. Definitions

As used in this chapter, unless the context otherwise requires:

(1) “Association” means a joint underwriting association established pursuant to this chapter.

(2) “Commissioner” means the Commissioner of Financial Regulation or a designee.

(3) “Property and casualty insurance” means all insurance covered under chapter 128 of this title relating to property and casualty rate regulation.

(4) “Member” means an insurer that is a member of an association.

(5) “Plan” means the plan of operation of the association approved or proposed by the Commissioner pursuant to this chapter. (Added 1985, No. 265 (Adj. Sess.), § 4, eff. June 4, 1986; amended 1989, No. 225 (Adj. Sess.), § 25(b); 1995, No. 180 (Adj. Sess.), § 38(a); 2011, No. 78 (Adj. Sess.), § 2, eff. April 2, 2012; 2021, No. 105 (Adj. Sess.), § 236, eff. July 1, 2022.)