| |  | | F.__To create the Interstate Insurance Product Regulation |  | Commission; and | 
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 |  | | G.__To perform these and such other related functions as may |  | be consistent with the state regulation of the business of |  | insurance. | 
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 |  | | §2473.__Definitions -- Article 2 | 
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 |  | |  | As used in this chapter, unless the context otherwise |  | indicates, the following terms have the following meanings. | 
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 |  | |  | 1.__Advertisement.__"Advertisement" means any material |  | designed to create public interest in a product or induce the |  | public to purchase, increase, modify, reinstate, borrow on, |  | surrender, replace or retain a policy, as more specifically |  | defined in the rules and operating procedures of the commission. | 
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 |  | |  | 2.__Bylaws.__"Bylaws" means the bylaws established by the |  | commission for its governance or for directing or controlling the |  | commission's actions or conduct. | 
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 |  | |  | 3.__Compacting state.__"Compacting state" means a state that |  | has enacted the compact and that has not withdrawn pursuant to |  | section 2485, subsection 1 or been terminated pursuant to section |  | 2485, subsection 2. | 
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 |  | |  | 4.__Commission.__"Commission" means the Interstate Insurance |  | Product Regulation Commission established by the compact. | 
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 |  | |  | 5.__Commissioner.__"Commissioner" means the chief insurance |  | regulatory official of a compacting state, including, but not |  | limited to, commissioner, superintendent, director or |  | administrator. | 
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 |  | |  | 6.__Domiciliary state.__"Domiciliary state" means the state in |  | which an insurer is incorporated or organized or, in the case of |  | an alien insurer, its state of entry. | 
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 |  | |  | 7.__Insurer.__"Insurer" means an entity licensed by a state to |  | issue contracts of insurance for any of the lines of insurance |  | covered by the compact. | 
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 |  | |  | 8.__Management committee.__"Management committee" means the |  | management committee established under section 2476, subsection |  | 5. | 
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 |  | |  | 9.__Member.__"Member" means the person chosen by a compacting |  | state as its representative to the commission, or the member's |  | designee. | 
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