LD 933
pg. 10
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LR 2060
Item 1

 
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


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