23 CAR § 35-102. Definitions

As used in this part: (1) “Commissioner” means the Insurance Commissioner; (2) “Corporate permit applicant” means any corporation conducted that is applying for a permit to sell or distribute fixed-dollar life-only charitable annuity agreements; (3) “Corporate permit holder” means any corporation that holds an Arkansas permit to sell or distribute fixed-dollar life-only charitable annuity agreements; (4) “Corporation” means any duly organized domestic or foreign nonstock corporation or association conducted without profit; (5) “Municipal permit applicant” means any Arkansas municipality that is applying for a permit to sell or distribute fixed-dollar life-only charitable annuity agreements payable from nontax revenues of the municipality; (6) “Municipal permit holder” means any Arkansas municipality that holds an Arkansas permit to sell or distribute fixed-dollar life-only charitable annuity agreements payable from nontax revenues of the municipality; (7) “Municipal program” means a public charitable, educational, or philanthropic agency or program operated by a municipality that generates nontax revenues; (8) “Municipality” means any: (A) City; (B) Town; (C) Municipality; (D) County; or (E) Two (2) or more such entities acting pursuant to an interlocal cooperation agreement authorized under Arkansas Code § 25-20-101 et seq.; (9) “Permit applicant” means any corporation or Arkansas municipality that is applying for a permit to sell or distribute fixed-dollar life-only charitable annuity agreements; and (10) “Permit holder” means any corporation or Arkansas municipality that holds an Arkansas permit to sell or distribute fixed-dollar life-only charitable annuity agreements.