N.Y. Insurance Law § 7502: Definitions

§ 7502. Definitions. In this article:

(a) "Board" means the board of directors of The Life Insurance

Guaranty Corporation.

(b) "Assessment" means a payment made by a company into the guaranty

fund.

(c) "Contributor" means a company paying an assessment.

(d) "Corporation" means "The Life Insurance Guaranty Corporation."

(e) "Fund" means the guaranty fund provided by this article.

(f) "Member company" means any domestic life insurance company having

a representative serving as a director upon the board of directors of

the corporation.

(g) "Policies" means insurance policies; "contracts" means annuity

contracts; both terms include policies or contracts of reinsurance

issued by a member company.